Have you received a letter saying your mortgage has been sold? This may seem troubling, but in this article we'll explain why it happens and why it's no cause for concern.
When you purchase a home, you go through a detailed loan qualification…
In this article, we'll look at the various differences for a Family Opportunity Mortgage vs investment loans.
Many Americans have considered purchasing a home for a loved one. Whether they need safe housing for a parent or an affordable home for a…
In today’s current environment, buying a home is difficult for everyone. For first-time buyers, it’s even tougher. They often come in feeling overwhelmed, nervous, and (all too often) desperate to buy.
But knowledge is usually the best solution to this problem.…
When pouring over your mortgage application, there are many factors that lenders and agents consider. Credit scores are probably the most famous, but there are other factors to review, including a borrower’s “DTI,” also known as “DTI ratio.” Unfortunately, many borrowers…
No one takes out a mortgage with the intention of not paying. But life happens, and sometimes, for a variety of reasons, we struggle to make timely payments on loans, including our home mortgage. One way to alleviate the problem is…
When you enter into a contract to purchase a home, you and the seller will both sign a contract. This contract does not mean you have to purchase the home, as the home inspection and appraisal could show problems with the property.…
It’s no secret that interest rate matters to the total affordability of your loan. Borrowers, lenders, real estate agents, lending professionals; everyone in the mortgage and real estate industry is aware that interest rates matters. But just how much does it…
There are many choices to make in homeownership. Where should you buy a house? What mortgage loan should you use? How much of your income should go towards a mortgage payment?
When you finally do secure a home, another question…
When considering a conventional loan in San Diego, you should understand this form of financing, including the advantages and disadvantages for these mortgages. This article will explain what a conventional loan is and how it is different from other types of mortgages.…
In the current real estate market, aspiring homebuyers are looking for any advantage. Homes are selling fast; thanks to a limited inventory, pent up demand, and soaring home prices , buyers are trying a variety of strategies to increase their chances of…
An interest-only loan is a fairly simple mortgage product. While calculating the financial differences between this option and other mortgage products can be complicated, the loan itself is fairly straightforward.
An interest-only loan is a mortgage product that has an…