Buying A Home Tips For First Time Home Buyers

Buying a Home Tips for first time home buyers covers important parts of buying a home that first time home buyers must be aware of to ensure they get a mortgage program that works for them.

8000 Housing Tax Credit For First Time Home Buyer Loans

8000 Housing Tax Credit for First Time Home Buyers available to first time home buyers buying a home in 2009 between January 1 and December 1.

Perfect Way To Buy A House – First Time Buyer, Tax Credit and HomePath Mortgage

Information for First Time Home Buyers To Buy A Fannie Mae Foreclosed Home Using the HomePath Mortgage Program and the $8,000 IRS Tax Credit for First Time Buyers. The Perfect Combination For Buying A Home With No Money Down and Low Interest Rates.

Better To Buy Or Rent – I Do Not Qualify For What I Really Want?

As a first time home buyer, buy a starter home if you do not qualify for the home you really want or rent an apartment and delay building wealth and equity in your own home. To buy or rent what should you do, only you have the answer? What should you consider?

Yah Hoo For New First Time Home Buyer – Boo Hoo For Builders

First Time Home Buyer Tax Credit of $7,500 is replaced by the $8,000 First Time Home Buyer Tax Credit in 2009. This New First Time Buyer Tax Credit goes into effect for January 1, 2009 until November 30, 2009.

What Is The Difference Between First Time Home Buyer Programs and Down Payment Assistance Programs?

Difference Between First Time Home Buyer Programs and Down Payment Assistance Programs. Link To YouTube Video From explaining the differences between

Questions A Loan Officer May Ask To Qualify You For A Mortgage

Qualifying for a mortgage can be challenging as your loan officer may ask some in depth personal questions. Remember qualifying for a mortgage is not personal. Think of yourself as a round peg with credit, income, assets, a personal story trying to fit into a square key hole that requires a particular size and shaped key to fit. Fitting gets you a mortgage.

Down Payment Assistance Programs – First Front Door In PA, WV, DE

Buying a Home Using A Down Payment Assistance Program in PA, WV and DE is possible through the Federal Home Loan Bank of Pittsburgh’s First Front Door Program.

Credit Score Factors – Four Mistakes To Avoid For Higher Scores

Changing credit score factors while qualifying for a mortgage can cause a rapid drop in credit scores. Credit Scores affect whether you qualify for a mortgage or are denied a mortgage. Pay attention to these four credit mistakes while in the mortgage application and home buying process that are deal breakers.

Tax Credits For First Time Home Buyers

First Time Home Buyers Can Now Get a Tax Credit for Buying a Home. The mortgage reform bill called the Housing and Economic Recovery Act of 2008 has authorized a $7,500 tax credit incentive to first time home buyers in an effort to stimulate the U.S. Housing market.

How Do I Qualify For A Mortgage?

How Do I Qualify For A Mortgage? Qualifying for a mortgage requires meeting particular guidelines. To Qualify, every borrower must show ability to pay, willingness to pay, and credit worthiness. There are different ways to qualify as long as the basics are met.

Do Not Get Fooled By The Yield Spread Premium

Yield Spread Premium is the difference between a mortgage broker and mortgage lender. Mortgage Brokers disclose Yield Spread Premiums on the Good Faith Estimates and Mortgage Lenders do not.

What Is A Mortgage Lender? A Mortgage Banker?

What is a Mortgage Lender? A Mortgage Banker? Essentially these two are the same. They are a mortgage broker on steroids. Mortgage lenders lend money for mortgages for buying a home and refinancing. Mortgage bankers can also lend money. Both can sell mortgages retail or wholesale.

What Is A Mortgage Broker?

What is a Mortgage Broker? A Mortgage Broker arranges mortgages for home buyers and home owners. Mortgage Brokers have flexibility in the loan programs they can offer, offer a wide variety of loan products, some can offer FHA mortgages and Reverse Mortgages.

How Do I Lock My Interest Rate? What Is A Rate Lock?

How Do I Lock My Interest Rate? What Is A Rate Lock? Interest rate locks are a big deal for you, your loan officer, the mortgage broker, lender – everyone. Lock In Agreements help ensure your interest rates gets locked at the interest rate you want. Learn how to lock your interest rate.

What Does a Loan Officer Do?

What Does A Loan Officer Do? Loan Officers pre qualify, review credit, obtain and present loan programs and interest rates, give loan applications, good faith estimates, loan disclosures, collect loan paperwork, submit loan paperwork, lock interest rates and more.