What You Need to Know About Getting a New Home Loan After Divorce
Getting approval for a new home loan after a divorce can be challenging, but far from impossible. Obtaining a new mortgage after divorce is tricky mostly because of the joint financial history, this includes past mortgages, car loans, credit card debt, and maybe even student loans...
Is Refinancing Right for You?
Thinking about refinancing your mortgage? Learn the facts before you decide if that's the right choice for you! Although refinancing offers the financial relief, rate stability, and access to money that you may not be able to get by other means, there are occasions that we caution our...
All About Assumable Mortgages
An assumable mortgage is a home loan that allows you to take over a seller’s home loan instead of applying for your own mortgage. However, not all mortgages are assumable — typically only some FHA and VA loans are assumable.
An assumable mortgage is best done with lender...
Self-Employed? Here's How to Get a Home Loan
A critical factor for qualifying for a home loan is your income. Understandably, lenders need to know that you have a stable income that allows you to sustain a mortgage. While traditional homebuyers can prove this easily with a standard W2 from their employer, a self-employed borrower...
What is a Second Mortgage and What are the Benefits?
Owning a home is one of the best investments you can make in your lifetime, but sometimes the budget can get tight. Along with the typical home-related bills like mortgage note payments, household utilities, and any required repairs—there's also the additional financial...