What’s Ahead For Mortgage Rates This Week – September 26, 2022

September 26, 2022

The Federal Reserve released its scheduled monetary policy statement and gave a press conference with Fed Chair Jerome Powell. Weekly readings on mortgage rates and jobless claims were also published.

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What is a Reverse Mortgage and How Does It Work?

September 23, 2022

In today’s blog post we’ll explore reverse mortgage loans, explaining how they work and whether or not you’re qualified to receive one.

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Saving for a Mortgage Down Payment? 4 Tips That Will Help You Get There Faster

September 22, 2022

For most people, the idea of saving more money each month is enough of a burden without having to think about investing in a home. A down payment, however, will require a lot more saving know-how and a lot more in liquid assets in order to be able to buy. If you’re trying to find ways to save a bit more each month, here are some sure-fire tips for raising the extra funds.

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Non-QM Home Loans: How Do They Work?

September 21, 2022

There are a lot of people who dream of owning a home one day, but few people have the cash to purchase a home outright. Therefore, you will probably need to take out a loan to buy a house; however, what happens if you cannot qualify for a loan with the traditional loan requirements? If you are not a W2 employee, you may need to go with a Non-QM loan. What do you need to know?

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Ready to Buy Your First Home? Don’t Forget to Check Your Credit Score – Here’s Why

September 20, 2022

If you are planning on engaging with a mortgage lender, you’ll need to have your finances in order. In today’s post, we’ll share a few key reasons why you’ll want to check your credit score well in advance of buying your first home.

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What’s Ahead For Mortgage Rates This Week – September 19, 2022

September 19, 2022

Last week’s economic reporting included readings on inflation, retail sales, and consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released.

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Man Vs. Machine: Why Using a Human Mortgage Professional Is Better Than Trusting an App

September 16, 2022

Are you currently house-hunting or plan to be in the near future? If you plan on using mortgage financing to pay for your home, you will soon discover that there’s no shortage of options available to you. You can meet with a local mortgage professional, apply for mortgages online and even download mobile apps that promise to set you up with a mortgage. However, is every option equal?

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What To Know About Your Debt-To-Income Ratio When Buying A Home

September 15, 2022

When you apply for a mortgage, your lender will do some quick math to figure out how much of a loan you can afford. Your lender will consider many factors, and one of the most important ones is your debt-to-income ratio.

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The Quick and Easy Guide to Determining How Big of a Mortgage Your Family Can Afford

September 14, 2022

Are you shopping around for a new house or apartment? One of the key considerations you will need to make is figuring out how much you want to invest in your new home. Below you’ll find our quick and easy guide to determining just how much “house” you can afford. Let’s get started!

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The Minimum Credit Score For VA Home Loan Approval: What To Know

September 13, 2022

When you are applying for a home loan, you need to make sure that you meet the minimum credit score requirements. If you decide to go with a traditional loan, the credit limit can be high, making it hard to qualify for a home loan. In contrast, you might be able to qualify for a VA home loan with a much lower credit score. What do you need to know?

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