A non-occupying co-borrower that has a solid credit history, low debt and enough income to meet their needs as well as help one of their relatives can step in and boost an overall mortgage application.
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For people willing to think outside the box, an FHA 203K loan can be a great alternative to a construction loan. People looking to become homeowners are often faced with the same old question: buy a new home, build a new home or buy an existing home? For most people, building a new home can be quite a challenge.
Changes made in conventional lending rules a few years ago now make it possible for real estate investors to finance more than 4 investment properties. Follow these guidelines for help with financing properties 5 through 10.
Buying a home while in the middle of a divorce takes a bit more preparation and understanding compared to other types of home purchases. The following information should help people that are in the midst of a divorce and wishing to buy another home.
The resurgence of jumbo mortgage loans coupled with easier lending is making it much easier for people to buy a dream home while retaining their hard earned nest egg.
The VA Mortgage is standing ready to endorse their no money down loans to aid veterans in getting a home.
Specific types of mortgage loans take longer to close than others. Here are the various types of loans and the approximate length of time necessary to close
When people search for a home mortgage with little to no down payment, they often neglect some other important items in the home buying process. Here are some common mistakes that can be avoided with a little work.
The FHA 203k loan is ideal for a wide range of buyers. It can be used to purchase a home and borrow money to do a few simple modifications, such as paint and carpet or it can be used to totally remodel a home.
While the cash gift is not only allowed but encouraged by the Federal Housing Administration, there are rules to how the money can change hands and how it is all documented. If the steps are not followed it is very likely that the home loan will be rejected.