- LLPAs – What They Are and How They Impact the Cost of Your Mortgage
- How Long After a Bankruptcy Can I Buy a House?
- Just How Much Have Rates Increased the Last Few Months?
- Infographic: Ever Wonder How a Title Policy is Issued?
- Mortgage Rates Hit 1-Year High
- Overdue Student Loans Hit Record High
- Are Home Prices In Recovery or Another Bubble?
- How to Wreck Your Credit in One Easy Step
- What is a Good Credit Score? 640? 670? 740?
- Is the Housing Market Getting a Little “Bubbly” All Over Again?
If you have an American Express credit card, it could add an extra wrinkle to your next home purchase or refinance transaction. Because American Express traditionally requires you to pay your outstanding balance in full every month, often it reports the full balance as the payment on your credit report, which can make it difficult to meet debt-to-income ratio guidelines. Continue reading
A lot people are under the impression that pulling a credit report automatically decreases your credit scores. Not necessarily! There’s a lot of misinformation about this out there, so I want to set the record straight. Continue reading
If you have a home equity line of credit (HELOC), it could be damaging your credit scores – even if you pay your bills on time. The problem has to do with your debt-to-credit (or credit utilization) ratio and how banks often report HELOCs to the credit bureaus. Fortunately, the problem is pretty easy to get fixed once you’re aware of it. Continue reading
Biweekly mortgage payments are a great way to accelerate the payoff of your mortgage and save you thousands in interest (or maybe tens of thousands) over the life of your home loan without seriously impacting your monthly budget. Many lenders offer a biweekly program, but if yours doesn’t, there are alternatives that can help you achieve the same result. Continue reading
Your debt-to-income ratio (DTI) indicates your financial capacity to repay a loan. The following details what the debt-to-income ratio is and how it is calculated. Continue reading
The Fannie Mae loan limits that have been a gift from heaven for borrowers in high-cost markets are about to be reduced again to their permanent levels. Continue reading
The following is a list of the most common documents required for a home loan. Gathering these documents ahead of time can greatly speed up and simplify the loan application process. Continue reading
Every real estate investor should have the goal of acquiring income property because that is how you build the long term wealth and cash flow that will enable you to quit your full time job and build a secure retirement. Continue reading
Wouldn’t it be great if there was a more streamlined version of the mortgage disclosures that gave you the most pertinent information, but without all the confusion and without repeating it in five different ways? Well, enter consumer advocate Elizabeth Warren, who has a great idea for streamlining mortgage disclosures into a mere few pieces of paper and (gasp!) making them easier to understand! Continue reading
Judgments are a serious credit ding that will hurt your credit scores, but they won’t necessarily disqualify you from getting a home loan on their own. Continue reading