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Using assets to quality for a home loan is a common strategy for retirees. If you are at the retirement stage of your life, and want to purchase a new home (and need a loan to do so), you...
The FHA has adjusted its rules on a mortgage for self-employed professionals. This article outlines the changes and provides information on mortgages for the self-employed. The coronavirus and the resulting economic slowdown has created a variety of changes in the...
There are dozens of choices for loans, and while many people will qualify for more than enough financing, each home loan product has limits. In most cases, these limits are put in place by government authorities. Even jumbo loans,...
What an exciting time! You have saved a nice pile of money, worked with a lender and a real estate agent, searched the area for top-quality homes, and finally found the perfect place to grow your future. Buying a...
Priming your credit before a mortgage application is easier than you might think. This article will outline 5 effective tips for to enhance your score. While it’s not an accurate gauge for overall financial stability, a strong credit score can...
When the coronavirus started making its way across the United States, many industries had to change they way they do business. In the real estate industry, the massive financial uncertainty created by the national lockdown caused many lenders to...
Because of the coronavirus, few industries have been forced into more change than the real estate and mortgage industry. Manufacturing, hospitality, and food services are certainly dealing with a massive list of challenges, and like the real estate industry,...
The real estate industry, like the rest of the country, has gone through a lot in 2020. But the year is far from over, and there will be plenty of chances for trends to change; either positively or negatively....
When the COVID-19 crisis began spreading across the United States, prompting government officials to order the temporary shutdown of numerous offices and businesses, the real estate and lending industry was hit hard. Many products were temporarily shuttered; high-risk loans,...
Since 2015, lenders and loan officers are required to issue a document known as a “loan estimate.” These documents can seem complex and intimidating, but if you understand their purpose, and how they help both you and the lending...