Have you ever wondered what an “FHA Loan was? That’s okay; we did too. Here’s what you need to know about this affordable home loan option.
3 Secrets of Buying a House
Buying a house for the first time is one of the most exciting experiences someone can go through. It’s also one of the scariest.
There were so many hiccups along the way and things that I’d wished I’d been told about before I had started the process.
Bye, Bye, FICO: Mortgage Credit Scores are Changing
For nearly twenty years mortgage lenders have relied on classic FICO scores to determine the eligibility of consumers applying for home loans. Now, an announcement made by the Federal Housing Finance Agency (FHFA) has warned us that things are about to change — and it may make it easier for thousands of people to buy a house.
Can I Get a Mortgage Pre-Approval in a Recession?
Given the state of the economy right now, many people are wondering if they can get a mortgage pre-approval during a recession.
While it is still possible, it’s worth finding out what a mortgage loan pre-approval is, why you need one, and how hard it is to receive one during a downturn in the overall economy.
I Bought A House At 24 Years Old
You should also know that I wasn’t born rich, and that my parents lived paycheck to paycheck. In fact, they still do — which means I didn’t have any help or support from them when I bought my first home.Â
My friends and coworkers thought I was crazy too — that it wasn’t possible to buy a house while working retail — but I showed them that it was, and here’s how I did it—
What is PMI?
It turns out that the whole home buying process can actually be really complicated all by itself.
When you add in the mortgage application process you may as well multiply that confusion by two, if not more. So today I wanted to try and make it a little less confusing for you by going over one of the terms that you will probably see as you go through the whole process: PMI.
8 Things You Need To Qualify For a Mortgage
Buying a home is the single largest purchase many people will ever make in their lifetime. Millions of people in America have the dream of owning their own home. But, impulsive decisions and little-to-no planning can—at best—cause them to spend too much money, and at worst, disqualify them from receiving a loan altogether.
So what do you do?
It’s Getting Really Hard to Buy a House
You see, one of the most important deciding factors in determining how much your monthly mortgage payment will cost and ultimately how much house you can afford is about to change, and not necessarily for the better.
Mortgage FICO Scores: Increase Them in 5 Steps
The article below is a transcript of a video originally posted to my YouTube channel on March 30th, 2022. Hey guys, it’s Ray here. I…
What are Mortgage Credit Scores?
The article below is a transcript of a video originally posted to my YouTube channel on April 5th, 2021. Hey, it’s Ray! I wanted to…