Photo Credit Pexels Many people that have a reverse mortgage always ask the question what are the rights and responsibilities my children or heirs have regarding the reverse mortgage upon their passing on. Many people that are retired have obtained … Read More
Most people want to obtain the lowest rate possible and although it may make good sense emotionally, it doesn’t always make sense financially. What I am going to write here is whether or not it makes sense financially and exactly … Read More
One of the major hurdles many consumers will find themselves in if they haven’t already is the erosion of their credit scores. This is largely due to the COVID-19 pandemic. With the loss of jobs and income, unfortunately, this problem, … Read More
The qualifying FHA loan Florida guidelines for a single-family home are the same nationwide however because the loan limits are determined by the county in which you are purchasing the home, they vary. The professional loan officers at 7th Level … Read More
Between the second quarter of 2020 and the second quarter of 2021, house prices in the U.S. rose 17.4%. With prices increasing, it’s more important than ever to make sure you know how much you can afford and what your … Read More
Like conventional mortgages which require appraisals, New Jersey FHA Loans are no different. In some ways, the FHA requirements while different will ensure that the borrower is buying a home that is within proper values for the area. It also … Read More
Photo Credit: Pexels Private mortgage companies like 7th Level Mortgage have established themselves over many years as THE lender to go to for all types of mortgages, including FHA lending. FHA lending is the easiest type of mortgage to qualify … Read More
Photo Credit: Pexels When applying for a mortgage loan, there are some things you should do BEFORE beginning the application. The single most important thing for you to do is to look at your credit score(s), preferably, all three. The … Read More
COVID exposed every flaw of your rental—the noise, the slow repair processes, and most of all, the money you were paying for your rental never built any equity at all. While renting is an excellent option for some people, homeownership … Read More
This article will help both loan officers and the borrowing public understands some of the possible proposals due to the COVID-19 pandemic and the need for some changes to some of the older, antiquated qualifiers for mortgages. Due to the … Read More