By using a different form of information to verify a borrower’s income, bank-statement loans make mortgages available to many people who might otherwise struggle with financing. If you have a unique career, or simply want to improve the terms...
On average, over one million Americans file for bankruptcy each year. The biggest contributing factors to bankruptcy typically involve divorce, loss of employment, or personal or family illness. For people who have recently experienced the bankruptcy process, there are...
Bridge loans are an important tool to keep the real estate industry moving. Without them, many home sales would be extremely difficult, as financing from one home to another creates issues for both the buyer and the seller. When...
Condo ownership is a wonderful option for many people across the country. It not only provides affordable living, with little to no maintenance or yard work, it can be more convenient for people who are either incapable or simply...
In a previous article, we discussed how you can acquire a loan to help purchase a home for an elderly parent. We discussed many important points, such as the challenges of purchasing a parent’s house as a “second home”...
It’s a problem that many new retirees experience. You just celebrated one of the most important accomplishments of your life, you have great credit, and excellent assets; you should be a top-notch candidate for a mortgage loan. But because...
If you have had a foreclosure on any property within the past seven years, your home loan options are limited. Conventional mortgage loans underwritten to the guidelines of both Fannie Mae and Freddie Mac will require a minimum of...
Texas uses an escrow agent, closing agent, or representative from the title company to complete the real estate transaction. As the borrower, your funds, as well as the purchase contract, are held in escrow by a neutral...
30 years or 15 years. Those are your options for a mortgage. Right? While most people are familiar with either 30 or 15-year mortgage terms, there are actually mortgages available that are based on many different lengths. 10-year, 20-year,...
Homeownership is an important part of American prosperity. It provides secure, consistent housing and, because a mortgage payments become real ownership, acts as a forced savings account. It allows you to take pride in your property and lets you...