For those not familiar with the term “reverse mortgage” they’re not alone. And even for those that have heard the term used it’s still a bit counterintuitive. Officially it’s called the Home Equity Conversion Mortgage, or HECM (heck-um) and is...
You’ll hear it from everyone you talk to. Your friends and family will all tell you that if you have a low credit score, purchasing a home is nearly impossible. If you are fortunate enough to get approved, they...
Seller financing historically hasn’t been very common. When a property owner wants or needs to sell a home, the sellers typically want to get their proceeds at the settlement table rather than collect monthly payments from the buyers. However,...
There are almost nine million self-employed people in the United States. The state of California alone is home to almost two-millions of these self-employed entrepreneurs. The advantages of self-employment are many, a flexible schedule, control of your life and...
There are two basic classifications for a mortgage loan- conventional and government-backed. Government-backed loans include the VA, FHA and USDA programs. The VA loan is reserved for veterans and others who qualify to buy and finance a primary residence....
If you are looking for a wonderful deal on a new home, purchasing a foreclosure can, in some cases, be a good option. While these properties certainly have their risks, purchasing a foreclosure can help you get a quality...
For those who qualify for this outstanding loan program and want to buy and finance a home with as little cash as possible, there is no better choice than the VA home loan.Here's how to get your VA certificate...
The home loan process can be a challenging experience for the self employed borrower looking to purchase or refinance a home. Much of the confusion can be attributed to the calculation and documentation of income that a mortgage bank...
Whether your mortgage choice is a conforming, jumbo, conventional or government-backed, not only will you have your choice of interest rate and point combinations as well as the term of the loan but you will also take your pick...
Delayed financing allows you to access your home’s capital immediately after you make a cash purchase. Before 2011, any cash buyer that wanted to access the equity in their property had to wait six months. If, for example, you purchased...