There is more to your mortgage payment than just the principal and interest – you also pay real estate taxes and homeowner’s insurance. If this is your first... Read More
Every loan program has limits regarding the LTV they will allow and the FHA program is no exception. Understanding the FHA refinance LTV limits will help you understand... Read More
If you are looking for a deal on a home, one of the best ways to get one is by buying a pre-foreclosure home. Typically, you’ll see pre-foreclosures... Read More
It is an age-old question – how much home equity do you need to secure a refinance? The answer is not as simple as the question, though. It depends on
Many lenders and loan programs frown upon investment properties. Lenders do not want to stick their necks out for a property that may turn out to be a
IMPORTANT MORTGAGE DISCLOSURES:
When inquiring about a mortgage on this site, this is not a mortgage application. Upon the completion of your inquiry, we will work hard to match you with a lender who may assist you with a mortgage application and provide mortgage product eligibility requirements for your individual situation.
Any mortgage product that a lender may offer you will carry fees or costs including closing costs, origination points, and/or refinancing fees. In many instances, fees or costs can amount to several thousand dollars and can be due upon the origination of the mortgage credit product.
When applying for a mortgage credit product, lenders will commonly require you to provide a valid social security number and submit to a credit check . Consumers who do not have the minimum acceptable credit required by the lender are unlikely to be approved for mortgage refinancing.
Minimum credit ratings may vary according to lender and mortgage product. In the event that you do not qualify for a credit rating based on the required minimum credit rating, a lender may or may not introduce you to a credit counseling service or credit improvement company who may or may not be able to assist you with improving your credit for a fee.