Category: Mortgage Tips

15 vs. 30-Year Loan: Which is right for me?

What’s the deal with 15 and 30-year mortgage loan rates? If you’ve ever shopped around for a new mortgage, you’ve seen lenders advertising rates for both. There are pros and cons to both, depending on what you want to do with the mortgage. But there’s also the unknown fact that “15 to 30” aren’t the… Read more »

Invest in Property with a Minimum Down Payment

Two weeks ago, we discussed how first-time home buyers and those with little money could buy a house with a small down payment. For those of you who have a large savings account and excellent credit, here are some options for investing in property, whether it’s a new home or a second home, with a minimum… Read more »

Loans for Veterans

Three years after the Civil War ended, Memorial Day was established to honor our veterans on the last Monday of May every year. But that’s not the only thing the US Government has done for veterans. Started in 1944, the VA Loan program makes the burden of getting a mortgage easier for qualifying veterans and surviving… Read more »

Buy A House with a Small Down Payment

If you are a first-time homebuyer, getting a mortgage may seem overwhelming — especially with all the different options available. Maybe you don’t have a lot of money for a down payment or your credit isn’t great. The good news is, you can still qualify for a home loan. Here are 4 low or no… Read more »

Fannie Mae Relaxes Guidelines for Student Loan Debt

For homebuyers who have been denied for a mortgage due to student loan payments, relief may be in sight. As of April 25th 2017, Fannie Mae is relaxing rules on the amount of student loan debt a mortgage seeker can hold for Conventional mortgages. Previously, Fannie Mae guidelines required lenders to count at least 1%… Read more »

Three Rules for First-Time Homebuyers

first time homebuyers

Ready to stop wasting money on rent and invest in your own home? As a first-time home buyer, the process may seem overwhelming. Here are three rules for first-time home buyers and a basic run-down of everything you need to know to buy your first home. Get your finances in order First and foremost, you… Read more »

Mortgages for the Self-Empoyed

Getting a Mortgage when Self Employed.

  The process of getting a home loan when self-employed does not have to be difficult if you are prepared. While the self-employed enjoy the freedom to work when and how they want, full-time employees benefit from getting the same paycheck month-to-month from long-established companies. In the eyes of lenders, that gives them a sense of security… Read more »

Buying a Vacation Home

What you need to know about buying a vacation home You’ve been comfortably settled into your home for quite some time now, and you are financially stable. You may be nearing retirement or are craving a place of relaxation and leisure where you and your loved ones can get together without the hassle of booking… Read more »