Back To Work Extenuating Circumstances – FHA Wait Period Update

FHA Back to Work – Extenuating Circumstances program changes the waiting periods for some individuals and households who have suffered economic hardship over the past few years. Wait times have been shortened to a minimum of 1 year.

Buying A Home – The New Rules

The mortgage environment has evolved full circle from strict requirements to qualify to very loose requirements back to strict requirements again. The result is a new mortgage industry where home buyers can basically count on relatively standard qualification requirements. Learn more about how the rules of mortgages have changed from the past to now.

Self Employed and Getting a Mortgage 2012 – 2013

Many people have weathered the latest recession (since 2008) by starting their own business in the past few years (2010, 2011, 2012 for example). While being self employed can have great advantages and bring a lot of freedom, it can be very challenging when it comes to qualifying to buy a home. Even with great […]

Determining Your Upfront Cost Of Buying A Home

Overview of the upfront costs to buying a home including down payment and approximate costs for appraisal and other required third party services.

Financial Documents Needed in 2012 to Buy A Home – Arizona Included

Learn what documents you’ll need to provide in order to qualify to buy a home in 2012 – especially for Arizona, California, Idaho, Texas and Connecticut.

In Arizona How Long Do I Have To Wait To Buy After A Short Sale

Waiting periods following a short sale, foreclosure or bankruptcy explored for 2012. Learn what options you have for owning a home and financial hardship.

Fit The Home Buying Mold and Buying A Home in Phoenix Is Easy

Buying a home in Phoenix AZ is much easier if you prepare for the loan program requirements that you qualify for. Fit into a mortgage program first. Some requirements are greater than a 620 credit score, have at least 3% down payment or qualify for a down payment assistance program.

Idealizing Buying A Home – No Longer the American Dream?

Learn some of the reasons why Time Magazine in Sept of 2010 argued that homeownership is no longer – or should no longer be the American Dream and that belief in this American Dream has lead the US to the Mortgage and Real Estate Crisis of 2007-2008.

Qualifying For A Mortgage – Three Factors To Work On

If you want to buy a house, qualifying for a mortgage is the first step. Here are three factors to look at when you start the process.

Do You Have Sufficient Credit or Enough Credit To Buy A House?

Learn about alternative forms of credit to help you build sufficient credit in preparation to get approved for a mortgage to buy a home. VA Loans, FHA loans, and USDA loans all allow for alternative forms of credit to help you qualify for a mortgage.

Keeping Track Of VA Mortgage Loan Interest Rates

Finding VA loan interest rates is critical for veterans looking for a home mortgage. This article tells you how to keep current on today’s rapidly changing VA mortgage loan interest rates.

Homepath Renovation Mortgage – Renovate Home With Homepath Renovation Mortgage Financing

Get money to fix up, renovate, repair, upgrade a Fannie Mae Foreclosed Home using the Fannie Mae Homepath Renovation Mortgage. Learn about the Homepath Renovation Mortgage and find a Homepath Lender.

Assumable Mortgage From FHA or VA – One Home Buying Strategy To Consider

The FHA Assumable Mortgage and the VA Assumable Mortgage may be one way to buy a home as interest rates start to drift up in 2010. Although not hugely popular, the assumable mortgage may work in some circumstances.

Advantages and Disadvantages of Buying and Owning A Home Versus Renting

Review the advantages and disadvantages of buying and owning a home versus renting a home or an apartment. Homeownership is not for everyone.

Home Buying Getting Harder In The Near Future

Buying a home in 2010 will get harder because of increasing interest rates, housing tax credit program changes, FHA home loan program requirements changing – learn reasons why in this article.

How To Calculate Debt To Income Ratio

Learn how to calculate debt to income ratio. Debt to income ratio compares your monthly credit card payments, auto payment, student loan payment to your gross monthly income.