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If you are looking for a large luxury home in the San Diego area, you may need to borrow more money than is allowed by government-backed loans. This means a jumbo loan could be required. Jumbo loans allow borrowers...
The real estate business can seem complex, especially when you are purchasing your first home. However, once the process is complete you’ll see that it’s really not complicated at all. With a little preparation, purchasing your first home is...
While it’s possible to secure a mortgage loan without one, using a credit score is one of the fastest and most efficient ways to complete your application. These scores are used in the vast majority of applications, and if...
Requesting information from the IRS can seem like a hassle, but it’s a necessary task if you want to have a loan supported by Fannie Mae. Working with your lender, you can easily complete the right forms and receive...
Mortgage loans come in many forms, including adjustable-rate mortgages, which are often called “ARM loans.” These loans have a unique structure that allows the interest to go up or down alongside current rates. Instead of a locked-in rate for...
“Derogatory credit events,” as Fannie Mae calls them, can significantly harm your chances at a home loan. But with a little knowledge and a bit of patience, you can get an affordable loan for the comfortable house you deserve. Why...
Refinancing a mortgage loan can have many benefits, but homeowners often delay this step because they may be comfortable with their current mortgage, don’t know how to proceed, or don’t understand the right times for refinancing. Why, When, and...
Say you just received an offer for employment, giving you a significant income boost. With this new income, you’ll be able to finally afford the outstanding home you have always wanted. You’re ready to start shopping for homes now....
Many variables go into a mortgage loan. Credit scores, debt-to-income ratio, property values, and borrower income are all considered when writing a loan. One of the most important factors is interest rates. When interest rates rise, it can create...
While you can obtain a home mortgage loan without one, the credit score remains one of the most important factors for most buyers in the United States. In order to get an affordable loan, most buyers will need a...