Mortagage Tips
Who Is Exempt From The VA Funding Fee?
Who is NOT required to pay the VA funding fee? This video could save some veterans thousands. VA loan applicants pay a funding fee – as of 2014, 2.15% of the total loan amount – which can be thousands of dollars. Some veterans and spouses are eligible for exemption.
Read MoreVideo: What Steps Need To Be Taken To Secure A Loan
What Steps Need To Be Taken To Secure A Loan
You’ll see some pictures in this video to help you remember later, but the first step in securing a loan is to complete a loan application.
To do so, you’ll need the following information.
Video: Are There Special Mortgages For First-Time Homebuyers?
Video: Are There Special Mortgages For First-Time Homebuyers?
Read MoreHow Are Pre-Qualifying And Pre-Approval Different?
How Are Pre-Qualifying And Pre-Approval Different? Watch this video and it’ll make sense. Pre-qualification is an informal way to see how much you maybe able to borrow – but not a commitment by a lender.
Read MoreAssessing Your ‘Debt-to-Income Ratio’ and Why This Number Matters When Getting a Mortgage
For those who are looking to buy a home soon, keep in mind that the Debt-to-Income ratio of the borrower plays a huge role in the approval of your mortgage application. A low DTI may make it easier for the lender and the underwriter to justify making a loan to the borrower.
Read MoreThe Summer Buying Season Is Here: 3 Tips to Help You Secure a Favorable Mortgage Rate
The best way to ensure you get a good rate on your mortgage is to become an informed buyer. The more you know about mortgages, the more you’ll be able to save, and that doesn’t just mean knowing where to find the best interest rate.
Read MoreS P Case-Shiller Home Price Index: May Home Prices Rise
May home prices rose in all 20 cities tracked by the S&P Case-Shiller 20 City Home Price Index. This was the second consecutive month in which all cities posted gains.
Read MoreWhat To Do When Your Real Estate Loan Is Declined
There are many reasons why a mortgage loan could be declined. It doesn’t have to be the end of your real estate dreams. Here are a few things to consider if you’ve been turned down for a mortgage.
Read MoreSmall Business Owner? Here’s What You Need To Know About Mortgages
If you are an entrepreneur or a small business owner, you probably know that there are a lot of advantages to this lifestyle – the freedom, the exciting challenges, the opportunities and the ability to make a living doing what you love.
Read MoreRounding Up Your Mortgage Payment, Will It Really Help?
Paying off the mortgage on your home as quickly as possible will ensure that you pay less interest and save money in the long term. But how can you accelerate those payments so that you own your home sooner?
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