If you want to refinance your mortgage, you have to have your financial affairs in order. Just like when you bought your home, your lender will look at your credit score, income, debts, and assets. They want to know that you can reasonably afford the loan before giving it to you.Compare Offers from Several Mortgage Lenders.So what should you do if you have other outstanding debts aside … [Read more...]
Defaulting on a VA Loan: What Happens?
The VA puts a lot of effort into making sure only qualified veterans secure a VA loan, but sometimes default still happens. We can’t predict what will happen in the future, which means some veterans just have no choice but to walk away from their home.Looking for Current Mortgage Interest Rates? Click Here.What happens to you if you have to walk away from your home and let it foreclose? … [Read more...]
Should You Own Your Home Before you Retire?
If you are like most people, you dream of being debt free when you retire. Being debt free means being without a mortgage too. But is it always right to own your home before you retire?Compare Offers from Several Mortgage Lenders.It really depends on your situation. Yes, many people do benefit from being mortgage free before they retire. There are some people, though, that don’t benefit … [Read more...]
When Does Buying Make More Sense Than Renting?
You probably hear a lot of arguments regarding why renting is better than buying. But, have you ever thought about the flip side of that equation? Is it ever better to buy rather than rent?Get Matched with a Lender, Click Here.There are certainly times when it makes more sense to rent than buy. Keep reading to learn whether these situations apply to you. It’s a Forced Savings Account Do … [Read more...]
Everything you Need to Know About Applying for a Mortgage While Self-Employed
If you are self-employed, you may think it’s impossible to get a loan. While it is certainly a little trickier, there are definitely lenders and loan programs available to help you get the loan you need. It all comes down to your documentation and how prepared you are for the loan.Get Matched with a Lender, Click Here.Below we help you understand what you need as a self-employed borrower … [Read more...]
