A Strong Option in a Weak Economy If you have been weighing your options in the housing market you may want to make your decision to buy or refinance now while rates as well as home prices remain low. The 30-year fixed rate mortgage loan has long been the steady favorite of products offered to ...
The first thing appraisers look at is the outside of the home. Curb appeal does matter, because the condition of the exterior of your house, including paint condition and the landscaping, directly reflects the interior of your home. A good looking lawn implies that the interior is taken care of as well. A common misconception ...
Establish good credit habits. Use credit cards responsibly. Create a spending budget and don’t exceed the limit. Keep up with your monthly payments, making sure to pay them on time. Start saving for a down payment. The larger the down payment you can put on a house the less interest you will have to pay ...
Underwriting Requirements Relaxed What’s new: A more relaxed view on foreclosure and bankruptcy rules; meaning your HARP loan could be approved, regardless of how recently a borrower filed bankruptcy or experienced a foreclosure. What that means for you: As previously stated, you won’t be counted out for a mortgage late when that could normally eliminate ...
Many mortgage terms are confusing to buyers, especially first-time home buyers who are unfamiliar with the buying and loan application process. Here is a quick glossary to help you in your home buying process.
