HomeReady Mortgage Program Are you trying to get out of the ever-increasing rental market but find that loan programs don’t fit your family income requirements because they can’t count the income of extended family that live in the same house? Or what about outside the house family support such as from parents? HomeReady, the new… Read More New Fannie Mae Mortgage Program for Low-Moderate Income Families
If you are current on your mortgage but you owe more on your loan than your home is worth and you can’t refinance into a loan with a lower interest rate, then you may be eligible for the HARP program. Your loan must be backed by Freddie Mac or Fannie Mae and written before May… Read More Are you one of the 81,000 Florida homeowners missing out on mortgage savings?
According to the National Association of Realtors’ 2014 Home Buyer and Seller Generational Trends report, 88% of recent buyers financed their home purchase. The process of qualifying for a mortgage can be both time consuming and nerve-wracking. Lenders want to know everything about a potential borrower’s past and current finances to ensure that he or… Read More 5 Tips on How To Reduce Your Debt Before Applying for a Mortgage
A recent Bloomberg report listed 15 small lending firms that are offering slightly riskier mortgages. They may come with higher interest rates and larger down payment requirements and they may not be backed by the government. As the larger banks tighten their credit standards over the last few years, smaller banks and local community based… Read More Financing Outside of The Box