Mortgage
Which one is Right? The simple answer is: which one gets you the mortgage for the house you want. Here are some key highlights: FHA FHA stands (Federal Housing Administration) loans are available to all borrowers and are guaranteed by the government. The mortgage is issued by the bank, not the government,… [Read More]
First. If you have terrible credit and 30% down – you can get a mortgage. The credit score is 1 of 3 keys credit items a lender examines. There are 2 items equally as important. These are monthly credit payments and credit history. For instance, you can have a 720 credit score,… [Read More]
Becoming a property investor has become easier recently with many lenders now offering easy to get approved mortgages for investors, even first-time investors. To become a property investor you need Credit, money and a loan officer. Credit means A 620 minimum score; 3 Credit Tradelines (i.e., credit card, auto or home loan)… [Read More]
Some homebuyers have the income to pay the monthly mortgage but lack the money for a down payment. Or, there are mortgage programs designed for a certain homebuyer and a $0 Down Mortgage is available. Here are all the $0 mortgage options: Veterans or Active Military: VA Mortgages are always $0 down. Key… [Read More]
To get a mortgage, you need credit, money and a loan officer. Credit means 3 items: a credit score of 580 for a low down payment mortgage; current or open credit items such as credit cards or loans; no current credit = no mortgage; and, not terrible credit the last 2 years…. [Read More]
A mortgage if you are Self-Employed is not hard, provided you plan for it. The credit, property review, and everything else is the same as a wage earner. The difference is how you report income: namely, is it declared on tax returns or not? You need to be self-employed for 2 years. But how… [Read More]
To get a mortgage, you need credit, money and a loan officer. What does “credit” mean? Credit means 3 things: a credit score, current or open credit items, and not terrible credit for the last 1-2 years. Credit Score: you need to have a credit score to get a mortgage. A credit score… [Read More]
VA Mortgages – 10 Key Facts Many Veterans Do Not Know More than 1.6 million Veterans and Service members live in Florida, but only about 6 percent of them bought a home using a VA home loan. Eligible Veterans often bypass the program as a viable option for a number of reasons. First, they may not… [Read More]
Many homebuyers are routinely denied by a bank, and turn around and still get a good mortgage. That’s because the bank where you have your checking or auto loan, may not be the best bank for you to get a mortgage as they will not have programs that fit you. When you hear… [Read More]
The FHA Mortgage (Federal Housing Authority) is the traditional first-time buyers’ program. The federal government simply insures for the bank the mortgage against default. Loans are approved and issued by the bank. It is offered by virtually every bank – with big differences in who gets approved. It makes a difference with… [Read More]
