Mortgage lenders don’t shy away from risk… so long as they can price that risk at a level that they can make a profit.
As a homeowner, you strive for energy efficiency to lower your bills, and advancements in design and technology are re-shaping energy usage constantly. One way homeowners have financed important..
Despite reducing their debt balance, a client of mine recently noticed a drop in their credit score, which seemed counterintuitive. If they paid down debt, why would their credit score be getting..
While a few lenders still require borrowers to come up with at least 5 percent of their down payment, most allow you to use gift money from a donor to pay your entire down payment and/or closing..
Loan Officers work hard to get the most current, comprehensive view of your finances so—in addition to bank statements—they’ll often ask you to provide a transaction history. They need your..
It’s never a foregone conclusion that you can use rental income to qualify for a mortgage, even if the property is generating positive cash flow.
Fannie Mae lays out several specific guidelines..
That’s because, for Conventional and FHA loans, Fannie Mae (FNMA) and Freddie Mac’s (FMCC) guidelines..
It might be inconvenient, but you know maintaining your car is better than risking a major, expensive breakdown. Plus, if you don’t maintain it, the resale value plummets.
So you bring it in for..
Even when you’ve saved enough for a down payment, you’re not quite out of the woods as far as getting your mortgage application approved.
That’s because, as far as a lender is concerned, just..
When you’re dreaming about your new home—especially if it’s the first one—the last thing on your mind is an impound account. But impound accounts (known as escrow accounts in some states) are..
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