We all have days, weeks, months or years when we are seriously pressed for time. This could be due to work, family life, stressors such as illness or caring for ill relatives, having young children, being in the middle of a move, or all of the above! There’s no doubt that sometimes life gets extremely […]
Getting a mortgage loan for your first home may seem to be a daunting task, but remember that millions have done it and continue to do it – it is not impossible, especially if you know what items you will need and can start gathering them so that you aren’t left scrambling at the last […]
No matter what point you’re at in life, it’s a necessity to have good credit. It’s especially vital if you’re thinking of buying a home, but there are many other reasons as well. Some employers even look up your credit score before they will extend you an offer of employment. Fortunately, it doesn’t have to […]
If you’re getting ready to buy a home in Tampa Bay, the details of the mortgaging process can feel overwhelming. Thankfully, there will be plenty of people to help you figure it all out. Still, some of us like to be informed ahead of time. One of the things that you will be asked for […]
While around 58-percent of aspiring homeowners lack the funds for a down payment on their first home, a full three-quarters of them say that they would be willing to work a side job if it meant they could own a home sooner. Around the country, the goal of homeownership seems out of the realm of […]
Historically, qualifying for a mortgage while self-employed has been challenging. More and more people are being entrepreneurs though. With so many self-employed potential homebuyers in the market, major changes have improved the odds of qualifying for a mortgage while self-employed. Self-employed business owners used to have to show their income for two years by providing […]
Will you require a co-signer in order to buy a home in the Tampa Bay area? Are you worried because your only willing co-signer is a non-citizen? We have the scoop about buying a home with a co-signer that currently doesn’t have United States citizenship. Minimum Standards No matter what, if you have a co-signer […]
Adjustable Rate Mortgages are in higher demand, according to a recent article in The Washington Post. An Adjustable-Rate Mortgage (ARM) is a mortgage that starts out with a low-interest rate. See, the first part of an ARM is lower than the rate for a 30-year fixed-rate loan. This is a very tempting concept and one […]
Look, mortgage interest rates have been on the rise. Right now, they are already over three-quarters of a percentage point higher than they were in January. Freddie Mac reports that rates for a 30-year fixed mortgage just rose to 4.72%. Here’s the thing: Those rates are only expected to rise. The interest rate you secure […]
During the process of purchasing a new home, you will be asked to get a proof of funds letter. You’ll need to show you have available liquid assets to cover the costs of your down payment and your closing costs. If this is your first time buying a home, everything may seem overwhelming. So, for […]