How do I get a mortgage?

How Do I Get A Mortgage? Qualifying for a mortgage requires meeting particular guidelines. To Qualify, every borrower must show ability to pay, willingness to pay, and credit worthiness. There are different ways to qualify as long as the basics are met. Your first step should be to speak with a loan officer and see what documentation you will need for the loan. (How do I get a mortgage?)

Home Buyer Articles

What Are Points? Should I Pay Points?

Should I pay points? What Are Points? Should I Pay Points? Paying points lowers your mortgage interest rate. Answer the question Do I Pay Points Or Not based on Money, Budget, and Time. You need to consider how long you are going to stay in your home to really see if it is worth the extra money.

Should I pay points for a mortgage?

What Is A Mortgage Broker?

What is a Mortgage Broker? A Mortgage Broker arranges mortgages for home buyers and home owners. Mortgage Brokers have flexibility in the loan programs they can offer, offer a wide variety of loan products, some can offer FHA mortgages and Reverse Mortgages.

What is a mortgage broker

What Happens If My Rate Lock Expires?

What happens if my rate lock expires? If your rate lock expires you need to know what to do to protect yourself. Mortgage companies and mortgage lenders handle expired rate locks differently depending on company policy, interest rates, and who dunnit. You may be in for a real shock if you loose your rate lock. Interest rates go up and down daily. You could end up with a rate much higher than you were originally quoted. Be sure to know when your mortgage rate lock is expiring so you can stay of top of your loan officer. (What to do if you loose your lock)

Mortgage Articles

What To Do If My Mortgage Balance Is More Than Home Is Worth

My mortgage balance is more than my home is worth. Many homeowners face homes values less than mortgage balances. FHA Secure, refinance while subordinating a second mortgage are options. You may also want to try NACA as a solution. This is also a great time to try to renegotiate your terms on your mortgage. You may be able to get a reduction in principal as well as lowering your mortgage interest rate. (My mortgage is upside down)

I have mortgage questions

Sample Pre-Approval Letter and Advice On Sales Contract

Answers to frequently asked mortgage and sales contract questions about pre-approval letter and advice on making an offer to a home seller. Bonus information about getting pre-approved. When you bring a pre approval letter to a seller, it is telling them that you are dealing in cash. It is one less thing for them to worry about. Getting prequalified is ok but it is not a pre approval. (how to get pre qualified to buy a home)

Advice on making an offer to a seller

How Can I Find An FHA Lender With The Lowest Closing Costs?

Find an FHA lender with the lowest closing costs. Start with knowing what closing costs to expect then shop for a FHA licensed mortgage lender or mortgage broker. You may want to speak with a few FHA lenders before you make your final decision. (What is the best FHA loan)

FHA articles

Home Buying Articles

I Am Self Employed With Tax Write Offs - How To Calculate Income

To qualify for a mortgage how do self employed small business owners with tax writeoff calculate their income? Buying a home while self employed is harder than if used to be if you do not have much money in the bank and you write everything off. You will now have to show income to the mortgage underwriter if you want to buy a home. Lenders have tightened down lending criteria due to the recent mortgage meltdown.

I'm self employed, can I get a mortgage?

When is the right time to buy a home?

Since January 2007, this has been the question on so many individuals' minds. I have heard real estate agents answer this question by giving specific months in the future that they predicted would be the month to buy. (click for Full Story)

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To get your incentive you have to use your builder's mortgage company - Beware!

Builder Closing Cost Incentives...Are they worth it? Builders all across the country have their own mortgage companies, or they work specifically with a particular mortgage company. Using a builder's mortgage company can be easy in terms of paperwork from the builder to the mortgage company, but it might not be the best situation for you as a consumer. (click for Full Story)

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I'm relocating - Relocation tips - Get Pre Qualified

Congratulations! Your new job starts in two months and you need to relocate across the country. Relocation is a big deal so planning from the very beginning will make a huge difference in a smooth and worry free move. Find some tips in the article that might save you some hassles down the road. (click for Full Story)

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Realtors in even more danger of less business and mortgage brokers under fire - again!

Congress does not get it. They have to punish someone for the misfortunes of some bad mortgage lending practices that were allowed to go on from the largest mortgage lending banks in the US. Now these very banks are counseling Congress on a new law, HR 3915 which will significantly hurt the way consumers buy homes in the US. (click for Full Story)

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Your First Step - Get Pre Qualified for a Home Loan Before You Shop With a Realtor

Getting all dressed up for the dance and having your date not show up can be really upsetting. So can finding the dream home only to find out after your sales contract that you do not qualify to buy it. Start with your finances first, then you will know what you are capable of purchasing and can set your eyes on the right properties. (click for Full Story)

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Work With a Real Estate Agent – Shop With Your Feelings

Once you have picked an agent to work with, you will want to start looking at home getting a feel for what you want. At this stage, let your feelings and emotions tell you what homes go on your "see again" list. (click for Full Story)

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Real Estate Purchase Agreement - Making an Offer in a Buyer's Market

With the current buyer's market reality in the real estate world, purchase offers still need to be carefully crafted to get the seller to take your offer. They may be desperate, but not stupid - remember it is still their home. (click for Full Story)

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Where To Shop For a Home - Tips and Ideas

Get Pre Approved first, then shop for a home. There are so many places to shop for homes; almost too many. In this article you will find some suggestions on where to shop. (click for Full Story)

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The scoop on FHA loans, are they right for you?

FHA loans are great loans for first time homebuyers who have little money, or have limited credit established. While great for qualifying certain types of home buyers, they have some features that make them hard to use. (click for Full Story)

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FHA Home Loans: How to Qualify

Following the Mortgage Meltdown of 2007, FHA loans have become extremely popular for first time home buyers, and many move up buyers. Find out how to qualify for a FHA loan to help you save time and money both important during the home buying process. (click for Full Story)

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FHA Refinance Programs

FHA loans are great not only for first time home buyers, but for regular refinancing and streamline financing too. There are many ways to refinance your FHA once you have one. Each of these ways is designed to give you incredible flexibility and cost savings when it comes time to refinance. (click for Full Story)

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What is FHA Secure and How Do I Qualify?

The FHA Secure Loan Program was launched in the fall of 2007 in an attempt by the U.S. Government to ease the increase number of foreclosures in the U.S. housing market. Although it is a good option for some folks, unfortunately it will not help enough people to improve the housing market. (click for Full Story)

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