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Many people assume they’re not eligible for first-time homebuyer incentives because they have owned property in the past. This is not necessarily true! If you have not had an ownership interest in a house in the past 3 years, you…
Getting cleared to close on a mortgage can be a long and stressful process, but there are several things you can do to expedite the process and get cleared to close faster. Listed below are some of the steps you…
Lowering your debt-to-income (DTI) ratio isn’t just a good idea—it’s the financial equivalent of eating your vegetables. It may not always be fun, but it’ll keep you in tip-top shape when it’s time to apply for a mortgage. Lenders care…
Thinking about selling your home? While each local area can vary (and a great real estate agent can help you learn about the specific trends in your community), there are a few times each year when home sales tend to…
Mortgage approvals are all about documenting everything that is listed on your application and possibly other items the underwriter may find after reviewing your loan file. There are standards for the requested documentation such as format, clarity of documents, and…
When buying a home using traditional financing, your bank statements are required documentation. If there are any large deposits that are not from your job or an income tax refund, social security, or retirement, you may have to explain where…
It might seem like it will be costly to purchase a home, and you might think that you will have a considerable down payment. Oftentimes, because people think that they cannot afford their down payment, they’re forced to keep renting.…
If you’re getting ready to start house shopping, you’ve probably taken a good look at your budget and wondered how much house you can afford. Maybe you’re asking yourself if you can afford a mortgage at all! There are a…
Did you know that the United States Department of Agriculture, USDA, has a home loan program? The USDA Loan is an option that is backed by the USDA and offers buyers the chance to purchase property in certain areas without…
If you plan to purchase a home, you have probably started to research the best mortgage options to make the most of your money. When looking at your home purchase, you have to consider both the actual cost of the…
