Mortgage rates are the most talked about topic when it comes to getting a new mortgage. Most borrowers want the lowest rate possible, yet they don’t know what affects those rates. While it’s nearly impossible to predict what rates will be when you need a mortgage, you should know what Read more
Archives for March 2018
Home Financing Options for H-1B Work Visa Holders
If you have a work visa but want to establish residency in the United States, you are in luck. There are a few programs you can get just as a United States citizen would. Fannie Mae and FHA loans are both loans that allow H-1B workers to obtain.Get Matched with a Lender, Click Here.Keep Read more
Things to Know Before You Buy a Home in a Flood Zone
Before you can close on a mortgage, your lender will need to know a few things about your home. The most important is the value. They cannot lend you money if the value of the home isn’t high enough. Second most important, however, is if the home is in a flood zone. If it is, you will be required to Read more
How Does a 5/1 ARM Loan Work?
One of the choices you must make when you take out a loan is choosing between a fixed rate and an adjustable rate. The adjustable rate or ARM, gives you an introductory interest rate with the ability for the rate to adjust in the future.Compare Offers from Several Mortgage Lenders.In this Read more
The Top Compensating Factors for Mortgage Approval
Lenders have guidelines you must meet in order to obtain an approval. However, sometimes they are able to grant exceptions for things like a high debt ratio or low credit score when you have compensating factors. What are Compensating Factors? Compensating factors are things that go above and Read more
