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According to experts, the rule of thumb is that your mortgage payment should not exceed 28 percent of your monthly pretax income. Most mortgage payments do not follow that rule. Sometimes due to circumstances, such as changing jobs or the … Read More
Veterans and active duty service members face all the same challenges as other home buyers. Active duty service members also face unique challenges since they can get deployed or relocated at any time. Securing a home loan is the one … Read More
Who says you have to be married to buy a home? Getting married first and then purchasing a house may have been the norm decades ago. However, it’s not exactly the way of the world any longer. In fact, more … Read More
In 2019, the 30-year Fixed Rate Mortgage (FRM) is expected to rise to 5.1 percent. With this projected hike, now is the time to buy a house if you have been thinking of taking that step. While the primary reason … Read More
How much was the purchase of your home? Above or below the national average of $200,000? Depending how many years you have left on your mortgage, you may be considering refinancing to tap the value of your asset. There is … Read More
Are you tired of renting but don’t know how you’ll come up with a down payment to purchase a home? At this stage in your life, you’ve probably met people who do outrageous things to save for their down payment. … Read More
Are you a first-time homebuyer? You’re not alone. First-time homebuyers make up about 35 percent of the housing market. While that may seem like a big number, statistics indicate that number is shrinking in recent years. Purchasing a home can … Read More
When it comes to owning a home, bigger is not always better. In fact, 60 percent of those who are living in a 2,000 square foot house would choose to move to a smaller house. We have this idea that … Read More
The Federal Housing Finance Agency (FHFA) has extended HARP through 2018. This is great news for homeowners and homebuyers alike. What is HARP (Home Affordable Refinance Program) exactly? Established in 2009, the HARP Program “enables borrowers with little or no … Read More
The commercial real estate market in the U.S. is enormous. Between 2002 and 2017, this market added value to the tune of $76.58 billion USD. Even though this market is so large, the vacancy rate is increasing. The economy is … Read More
Did you know that 64.2% of Americans own a home? Are you looking to join the ranks and grab the keys to your first house? There are many things to know before making this investment but getting your financial house … Read More
Each year, the Federal Housing Financing Agency (FHFA) issues a statement about the limitations on how much people can borrow for conventional mortgages. This is known as the conforming loan limit and it has important implications for homeowners. In 2018, … Read More
Are you looking to reduce your mortgage? You might be in luck. Many homeowners turn to refinancing to change their monthly mortgage payment. However, fewer homeowners decide to pursue re-amortization because it isn’t a well-known option even though it’s one … Read More
Are you looking to buy or sell a property in the next year? Wondering what the new year will bring to the housing market? Here are some real estate market changes to keep an eye out for in 2018. Supply … Read More
Buying a new home has always been part of the American dream. Nowadays, the Federal Housing Authority (FHA) is becoming more vigilant about distributing loans due to all the recent economic challenges. That’s why getting pre-approved for a loan improves … Read More
Understanding a credit score makes understanding an Olympic gymnastics score seem easy. For those of us that don’t happen to be accountants help exists. The Federal Trade Commission created several programs for understanding your rights when it comes to applying … Read More
In 2010, 50% of all U.S. homes sales involved first-time buyers. That figure dropped to 35% in 2016. The market for property buyers in New Jersey, Pennsylvania, Maryland, Delaware, New York, and Florida is very competitive. That’s why we want … Read More
When you think of the USDA, housing probably isn’t what comes to mind. You probably think of produce and meat, all stamped with USDA approval labels. What you might not know is that USDA has a little-known foothold in the … Read More
Are you looking for a way to take advantage of the equity in your home? If you’re an older homeowner in need of additional income, the HUD program to convert home equity into cash could be an option for you. … Read More
This year, homebuyers are much more likely to see their loan applications approved. Recent FHA changes led to new guidelines regarding the lending process. If you’ve been looking to purchase a home, it may now be easier than you imagined. … Read More
Looking for a loan? You’re not alone. Are you an active duty military member, veteran or surviving spouse? Then you have one more option to consider: going through the VA. VA Specialty Loans are a great option for many people, … Read More
Are you thinking about applying for a small business loan to help finance the growth of your business? The process can seem intimidating, but with the proper preparation, it can be much smoother and less stressful. Read on for five … Read More
FHA Refinance Made Simple Are you looking to shave hundreds of dollars off your monthly expenses? An FHA refinance may be the perfect vehicle to achieve these savings. In fact, it may be the right time for a refinance … Read More
Do you think a millennial mortgage is out of reach? Owning a home can be made possible with perks you’re missing out on! Make renting a thing of the past with these initiatives: FHA mortgages come with low deposits The government … Read More
Financing Your First Mortgage? Buying your first home is an incredibly exciting time. It is vital to be as prepared as possible when it comes to paying the mortgage. You don’t want to end up losing your property due to … Read More