Qualifying for a mortgage is what you have to go through if you want to buy a house. If you are new to home buying, or if you are returning to the home buying market after years of being away from it, there are three primary factors, or areas to concentrate your efforts to help you ensure that your mortgage application gets … [Read more...] about Qualifying For A Mortgage – Three Factors To Work On
Credit references, credit reports, credit scores are all important when it comes to buying a home. However, they are not all equally important or required. If you know what you need to qualify for a mortgage buying a home can be much easier if you have the right credit criteria. Essentially, the most flexible loan programs to … [Read more...] about Do You Have Sufficient Credit or Enough Credit To Buy A House?
If you are an eligible veteran looking for a home mortgage, you may want to know what VA loan interest rates are. Most approved VA loan officers will tell you that there is really no way to know as interest rates change daily, even numerous times in a day. While it is true that rates change frequently, there are three basic ways … [Read more...] about Keeping Track Of VA Mortgage Loan Interest Rates
Chandler AZ - March 1, 2010 - Many homes on the market in 2010 are foreclosed homes which need minor renovations and remodelling. If you are looking for a good deal on a home, you may consider a Fannie Mae foreclosed home using a Fannie Mae Homepath Renovation Mortgage. Homepath Renovation Mortgage Only For Fannie Mae … [Read more...] about Homepath Renovation Mortgage – Renovate Home With Homepath Renovation Mortgage Financing
One strategy that may work in some home buying situations is to assume the home seller’s mortgage. In order for this to work, the home seller will have to have either an FHA assumable mortgage or a VA assumable mortgage. Unlike conventional mortgages, FHA and VA loans are set up so that they are assumable by someone else. … [Read more...] about Assumable Mortgage From FHA or VA – One Home Buying Strategy To Consider
Picture yourself driving your car into your garage of your home where you find your family, your dog, and a nice hot dinner awaiting you. Ah the American Dream - at least one version of it anyway. While your dream of owning a home is your version of the American dream you may want to look at the advantages and disadvantages of … [Read more...] about Advantages and Disadvantages of Buying and Owning A Home Versus Renting
Even though there are some really good reasons to buy a home as we venture deeper into 2010, there are some folks still sitting on the sidelines. Are you worried about your job, or about the economy? Are you still saving a little more for your down payment? Well, perhaps you should know that if you wait that much longer to pull … [Read more...] about Home Buying Getting Harder In The Near Future
Knowing how to calculate your debt to income ratio can help you to determine how much of a house you can shop for as you prequalify for a mortgage. The debt to income ratio is a comparison of your monthly debt to your monthly gross income and is one of the qualification requirements you must pass in order to qualify for a … [Read more...] about How To Calculate Debt To Income Ratio