The biggest question whenever someone wants to purchase a home usually has something to do with the down payment. Right after the housing crisis it seemed like every program required 20 percent down, which we all know is highly unlikely for many people. Today, however, the tides have turned as there are many programs available, […]
Qualifying for a Home Loan with Poor Credit History
If you have poor credit history, you do not have to assume that you cannot secure home financing. There are many ways that you can still get the financing you need either right away or in the near future after you make a few changes. While a negative credit history is often a hindrance for […]
Should You Consider a Hard Money Loan?
Hard money loans are asset-based loans in which the only collateral is the property in which the borrower is investing. Common Hard Money Loan Characteristics These private mortgage loans are considered extremely risky for the real estate investor. They are available only through private hard money lenders, rather than through banks or other financial institutions. […]
Securing Real Estate Financing through a Hard Money Lender
One factor that has always appealed to borrowers about hard money loans is the fact that the approval process usually goes much more quickly than it does when applying for traditional mortgage loans. This is because many private lenders don’t bother to check your credit score or income – they are much more interested in […]
How to Dispute and Clear Up Credit Report Problems
Under the Fair Credit Reporting Act, Experian, TransUnion, and Equifax are responsible for correcting any inaccurate or incomplete information in your credit file. However, the process is not exactly fast. You’d think with all the wonderful technology today that the credit bureaus could be a little less like the Social Security Administration or Department of […]
Common Myths Regarding Credit and Home Loans
While it’s true that having bad credit can make it more difficult to obtain a mortgage, it’s absolutely not true that you can’t buy a home with bad credit. If this is the only thing holding you back from buying a home, consider these facts and re-evaluate your stance: Mortgage Products Exist for People with […]
What is a Thin Credit Profile?
Did you know that not everyone needs a credit score to obtain a mortgage? A thin credit profile, as it is called, can still allow you to gain approval for specific loan programs, including the USDA and FHA program, which allows for no or low down payments and very lucrative financing terms. A non-existent or […]
The Important Role Rent Payments Play in Mortgage Approval
Whether you have a long credit history or not, the one thing lenders look to first is your housing history. This could mean mortgage or rent payments – the key factor is that you have consistency and responsibility in understanding the burden that housing payments can put on a person’s budget. Rent is no different […]
Simple Ways to Buy a Home after Bankruptcy
Bankruptcy does not have to be a death sentence to your future house purchasing abilities. If you had the misfortune of filing for bankruptcy, but can show that you can turn your life around, you can be a homeowner again in as little as 12 months. Gone are the days of waiting 7 or more years […]
Three Ways Subprime Mortgages are Different Today
When you hear the word “subprime” you probably cringe as the media made it out to seem like subprime mortgages were the number one reason for the mortgage crisis. It is true that they did play a part, but they were not the only reason. Because of that, lenders have come up with a better […]
- « Previous Page
- 1
- …
- 5
- 6
- 7
- 8
- Next Page »