In the wake of the real estate market meltdown and freefall of foreclosures in 2008-09, many homeowners, lenders and mortgage servicers quickly became very familiar with the ins and outs of foreclosure. For many, they found the short sale to be one of the last-ditch...
Do student loans affect getting a mortgage? Of course they do. Lenders take all of your debts into account as they evaluate your ability to repay a mortgage loan. Student loans are no exception. Getting a mortgage with student loans is not easy. You must use common...
The average first time home buyer is often completely overwhelmed when they start to consider homeownership. A new home is likely the largest purchase most people will make in their lifetime. When you’re first starting out, you may experience some sticker shock. And a...
Lots of people dream of home ownership But when it comes down to it, most of us only have a fuzzy idea about how to buy a home. The terms can be confusing: Down payment, APR vs. interest rates, no money down… How do people qualify for home loans? How much do...
Thinking of buying a home but don’t have a 20 percent down payment? If you take a look at these types of loans, you may be pleasantly surprised. The down payment’s what many people see as the main barrier to buying their first home. Some industry...
For most people, buying a home or investment property is the largest financial transaction they will ever experience. Consequently, it is little surprise that obtaining a mortgage is among the most stressful events home buyers will suffer. Interfacing with large banks...
