Learn how to purchase a fixer-upper and totally remodel it! With a little insight and some negotiation skills, it is possible to find that diamond in the rough.
How To Purchase A Fixer-Upper And Totally Remodel It
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First Time Home Buyer
First Time Home Buyer Guide: Programs and Requirements People looking to purchase their first home usually have a wide range of home loans to choose from. We are happy to offer multiple types of first time home buyer programs that should fit almost every potential need. We offer many First Time Home Buyer programs including: Government […]
Homebuyer’s Guide to Debt-To-Income (DTI) Ratio: How To Calculate
Take the time to understand how the debt-to-income ratio works and what you can do to bolster your chances of getting approved for a mortgage.
Minnesota Rural Development Loan
The United States Department of Agriculture agency provides an excellent way to purchase a home known as the Rural Housing Loan or USDA loan for short. For Minnesota residents in the right income bracket, this mortgage program is a way to buy a home without making a down payment. Basics of the USDA Mortgage USDA […]
WHEDA Loan Requirements: Wisconsin Housing and Economic Development Authority
Back in the early ’80s, Wisconsin recognized the opportunity to help its citizens with homeownership opportunities by implementing specific unique mortgage programs. From this desire, the Wisconsin Housing and Economic Development Authority (aka WHEDA) was created. Since its inception over 1,000 grants have been awarded, enabling people to find their own place to call home. […]
Jumbo Mortgage Myths That Are Holding You Back
Many misconceptions exist about the process of acquiring a jumbo mortgage loan. Thanks to the improving luxury housing market, jumbo loans have made a rebound. This article discusses the top 5 jumbo mortgage myths and why they are wrong.
Difference Between a Home Inspection vs Home Appraisal
We take a look at the difference between a home inspection and an appraisal, clearing up some common misunderstandings about these two important stages in the buying process
10 FHA Guidelines EVERY Home Buyer Should Know
FHA guidelines prospective buyers need to keep in mind when shopping for their home. FHA approved lenders are able to offer mortgages with enticing rates for people that might not qualify for a Fannie Mae or Freddie Mac home loan.
VA Streamline Refinance
The VA home loan is one of the best ways for a qualifying veteran, service member, or surviving spouse of a service member to purchase a home. The fact that they can buy a home without a down payment is great alone, but when you combine the other benefits such as low-interest rates and no […]
DSCR Loans: Debt Service Coverage Ratio Mortgage Guidelines
If you want to use rental income to help finance an investment property, a debt service coverage ratio (DSCR) mortgage could meet your requirements. The cash flow from the property can be used to qualify for the loan without needing to provide additional income documentation, such as tax returns. But is a DSCR loan right […]
