According to Business Insider, student debt in the United States is over $1.3 trillion and more than 70 percent of college graduates have student debt. When you combine student debt with mortgage payments and all other daily expenses, many consumers feel overwhelmed. Rather than making multiple Read more
Archives for October 2016
How does the FHA Outlying Area Program (Section 203(i)) Work?
FHA loan programs help lower-income families purchase a home affordably and without getting in over their heads. They provide easier guidelines and lower costs, making it easier to purchase a home. If that home happens to lie in the outskirts, meaning not with any city or suburb boundaries, however, Read more
Should You Opt for a Stated Income Refinance Loan?
The stated income loan received a bad reputation after the housing crisis. In fact, there was a long period of time where no lenders offered this program at all. Now that things have settled down and lenders figured out the best way to handle certain situations, the stated income purchase and stated Read more
How Does Owner Financing Work?
Sometimes you have more option than strictly obtaining financing from a lender. Owner financing offers you the opportunity to obtain financing directly from the seller. While not very common, this situation could occur, giving you another chance at becoming a homeowner. How it Works The premise of Read more
How to Pay Lower Mortgage Refinance Fees?
Refinancing comes with costs, we all know that. But did you know that there are ways to lower the mortgage refinance fees to make them more affordable? If you know that refinancing your mortgage will help you save money in the long run, it is worth learning how to lower your closing costs to help Read more
