FHA loans are government-backed loans, which makes many people think they have income restrictions or income limits. In other words, many people think you can make too much money and not qualify for the program.Get Matched with a Lender, Click Here.Luckily, this is not the case. You can make Read more
Archives for June 2018
Risks Involved in Buying a House With Unpermitted Renovations
Buying an existing home can be exciting and scary at the same time. While you would hope the seller discloses everything there is to know about the home, that’s not always the case. One area they often cover-up, whether knowingly or unknowingly, is with unpermitted renovations. If the sellers did Read more
The Right Way to Sell a Home to a Family Member
It is possible to sell your home to a family member, but it does get tricky. While the hardest part of selling a home is over – you found a buyer, there are still hurdles you need to jump in order to get to the closing table. Get an Appraisal Obtaining an appraisal right off the bat will let you Read more
How do Biweekly Payments Affect Your Mortgage?
Your mortgage came with mortgage coupons or at the very least, a due date once per month. This is when you must pay your mortgage. The consequences of missing a payment are serious. Some mortgage companies provide a small grace period, but this doesn’t mean you should not make your payment on time. Read more
Piggyback Loan or PMI – What’s Better?
If you are unable to put 20% down on the home you purchase, you have two options – pay PMI or take out a piggyback loan. Either way, you help lessen the risk the lender takes by providing you a loan without a large down payment. Both choices have the same end result – you secure more than 80% of the Read more
