When submitting a loan application to buy and finance a home or to get a preapproval letter before shopping for one, the lenders review your application and supporting documents, including your bank statements. Supporting Documentation There are multiple things lenders need to review but among the most important are your income and employment, your credit […]
We’re heading into home buying season and sellers are sprucing up their homes and buyers are already checking out listings online. From now until school starts up again this fall, buyers will be hitting the streets and looking at homes to buy. In the late spring and summer months, there are more new listings and […]
We provide extensive advice here on our website that helps our clients successfully buy and finance their home. From tips on various loan programs to how credit works to properly documenting a file and more, we turn our expertise into a knowledge base for you to tap into whenever you want. But there are some […]
When embarking on a mission to find the best mortgage, even seasoned home buyers can be surprised at the number of choices that must be made. There are conventional and government-backed loans, but a hybrid loan may be the best option. Conventional Loans vs. Government-Backed Conventional loans are those approved using Fannie Mae and Freddie […]
If you’re eligible for a VA loan there’s probably no better option for you if you want to come to your closing with as little cash as possible. Who is Eligible If you’re not sure if you’re eligible for a VA loan or someone you know is wondering, eligible borrowers include veterans, active duty personnel […]
Buying a condominium unit is also buying a certain lifestyle. Many condominium projects are in higher density, urban areas next to shopping, entertainment and work. But even though a condo loan is just another way to legally own property, there are some things you’ll need to consider to make sure a condo loan is […]
If you’re toying with the idea of buying your first rental property or even your second, lending guidelines have changed somewhat over the years. Knowing what lenders look for when evaluating your request to finance an investment property will make the process a smooth one for setting up your first rental. And perhaps what many […]
For those who are starting to think about buying and financing a home, whether it’s for your very first or you’ve been a homeowner for years, you know the importance of having your financials in order. Getting pre-qualified and getting pre-approved aren’t the same thing. Understanding the pros and cons can help, so let’s get […]
When applying for a mortgage whether it’s for a purchase or a refinance, one of the most important data points is your credit score. Most every available loan program in today’s marketplace does require a minimum credit score and while that minimum score can vary from program to program as well as being raised higher […]
Economists follow all sorts of economic data. Some data they follow more closely than others and some reports quite frankly are mostly ignored. These reports are released at varying times of the month and economists as well as investors across the board anxiously await these numbers as an indication of the health of the economy. […]
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