When you're buying or selling a house for the first time, it can be challenging to understand the closing process and what it entails. When you're getting ready to start a real estate transaction, it's crucial to know what to expect during the closing process to avoid any issues or mistakes.
It is important to pre-qualify for a mortgage to ensure you can afford to buy a home, determine how much you can afford and also meet the requirements your lender will have.
Since the mortgage industry meltdown at the end of the last decade, the rules have changed for borrowers. First an foremost, documentation is required for proving they have a stable income and sufficient assets for a down payment and reserves.
Your home could generate cash, but not without stipulations. Home equity loans were once a staple method for home owners to access a sizable chunk of cash. But that was then, this is now, and it's not as easy to tap into your home's equity as
A low interest rate is tempting, but good timing involves more than that. Does it seem like everyone else knows the best time to refinance and you seem to miss it? Everyone wants a better deal, even if the existing deal isn't too bad to begin with. That&
Between conventional and FHA loans, more people can realize the American Dream of home ownership. A conventional loan, or FHA? If you've got mortgage questions, these might be near the top of the list. Conventional is basically what it sounds like. It's the straight-arrow mortgage loan
For military families, both conventional and VA loans offer something of value. If you're like most buyers, you have mortgage questions. Conventional mortgage loans aren't for everyone, and neither are VA loans. For people with a good military service record and good credit, each option offers
New FHA guidelines make more home owner dreams come true. A low FICO score spells doom for prospective home buyers. Or at least that's the way that it has been. But new FHA guidelines not only relax the standards a bit, they make home loans accessible to people
If you've ever bought a home, you know firsthand how confusing the process can sometime seem, especially when it comes time to review your loan paperwork. Sure, the Good Faith estimate (GFE), Truth In Lending document and HUD-1 form that are provided now are supposed to 'clearly&