A conventional loan for first-time home buyers is a traditional mortgage loan that meets the parameters set by Freddie Mac or Fannie Mae. Conventional loans require some percentage of down payment, depending on the mortgage you choose, and your credit score typically must be 620 or higher. In addition to credit score, conventional loans for Read More…
Mortgage Tips & Trends
Bank Statement Loans for First-Time Home Buyers
Bank statement loans for first-time buyers are a way to secure a mortgage using non-traditional means. When you have self-employed income that you are depositing into a bank account, you can obtain a mortgage through a bank statement loan. A bank statement loan can make it easier for business owners, contractors, and freelancers to provide Read More…
Adjustable-rate vs. Fixed-rate Mortgages
If you are thinking about purchasing a new home, you might not be in a position to purchase a home with cash alone. Fortunately, you do not need to save up hundreds of thousands of dollars to qualify for a house. There are plenty of loan options available, but every buyer is in a different Read More…
How To Get The Best Home Loans For Bad Credit
Having bad credit doesn’t always mean that you won’t be able to get a mortgage or home equity loan, although it does complicate your efforts. There are ways for you to get the funding you need to buy or borrow against the equity of your home even when your credit rating isn’t great. The following Read More…
Types of Home Loans
If you are interested in purchasing a home, there is a good chance that you will have to take out a mortgage. Not a lot of people can purchase a home with cash, but thankfully there are multiple types of mortgage loans to choose from. It is important to think about the different types of Read More…
HELOC vs Home Equity Loan Explained
A HELOC (Home Equity Line of Credit) and a HELOAN (Home Equity Loan) are both secured by the equity in your home. The main difference between a HELOC and a HELOAN comes down to how you get and use the money. A HELOC loan is akin to a credit card in that it’s a line Read More…
Escrow Explained
If you are thinking about applying for a home loan, there is one word that is going to come up over and over again: escrow. So, what is escrow in a mortgage, and what do you need to know about mortgage escrow? There are some situations where this could be beneficial, and there are other Read More…
Loan Programs Available to First-Time Home Buyers
Buying a home is an exciting and somewhat daunting decision. Many people get used to the idea of paying rent, not realizing that there are programs available to help them buy a home and put that rent money into an investment, rather than watch it disappear. If you are a first-time home buyer, you can Read More…
How Bank Statements Loans Can Get You Your Desired Home Mortgage
Sandra has always been very independent. From a young age, she found creative ways to earn money, from lemonade stands to shining her father’s shoes. Her latest venture was an RV Car Wash. She saw a need for this as RV’s are becoming an even more popular way of life and travel, especially in the Read More…
The #1 Reason Deals Fall Out Of Escrow
The number one reason that real estate deals fall out of escrow is because of the loan. Most loan officers, banks and mortgage bankers have a limited set of products that fit into a small stringent box. If your a real estate agent that can’t get your buyer qualified from the get-go or if you have Read More…
