Posts Covering Mortgage Strategy

6 Ways Mortgage Shoppers Are Saving On Closing Costs

Closing costs are estimated to be about 3% of your home price. Know these six ways homeowners and home buyers are reducing their costs.

Mortgage Qualifying For Part-Time Workers

Home buyers can qualify for a mortgage even without a full-time position. Part-time workers with one or two jobs can apply and receive a mortgage approval.

Safely Make A Big Purchase When Buying a House

Making a major purchase can affect your mortgage qualification status. But there are a few smart ways to make big purchases while buying a home.

4 Types Of Mortgage Companies: Which Will Give You The “Best Deal”?

Don't just compare rates and fees when shopping for a mortgage loan. For instance, some types of mortgage companies can get you approved when another can't.

Should You Pay Off A Mortgage Just Because You Can?

If you have the cash, it seems obvious that you should pay off a mortgage. But, there may be better things to do with the money other than becoming mortgage-free

Warrantable & Non-Warrantable Condo Mortgage Rules Updated

Demand for condos is increasing nationwide and getting approved for a mortgage just got a little easier. How to qualify, plus access to today's rates.

First-Time Home Buyers Guide: Picking The Right Mortgage Program

This guide for first-timehome buyers covers choosing the mortgage loan which best fits your financial and emotional needs.

How To Rush Your Mortgage To The Closing Table

When you close on your mortgage in 30 days or fewer, you can get access to lower mortgage rates than the general population. Here's how to close quickly.

First-Time Home Buyer’s Guide: Making A Downpayment

This post discusses down payments; and, is part of a four-part series meant to help first-time home buyers buy their first home, and get approved for their first mortgage.

Don’t Rule Out Home Buying This Holiday Season

Home buyers should consider shopping for a home during the holidays. Sellers are willing to negotiate, and lenders are less busy, too. How to find deals when most buyers are on the sidelines.

Private Mortgage Insurance (PMI) Yields A 530% Return On Investment, On Average

"Experts" tell you to avoid private mortgage insurance (PMI). They don't tell you, though, that you could be leaving five-figure returns on the table.

First-Time Home Buyer? Don’t Overlook The 5-Year ARM.

The typical first-time home buyer overpays with the 30-year fixed rate mortgage. For most, the better choice is the 5-year ARM. Read more and discover why.

Mortgage After Bankruptcy : How To Qualify Despite Your Financial Setback

Bankruptcy is not the end of your mortgage or homeownership goals. You can get approved in as little as two years after a bankruptcy, with some planning. How to rebuild your credit and apply.

First-Time Home Buyers Guide: Buying With A New Job

As a first-time buyer, you may not have the work experience of a seasoned buyer, but that doesn't have to affect your ability to get mortgage loan-approved.

You Don’t Need To Borrow From Your 401(k) To Purchase A Home

When buying a home, 401(k) retirement plans can be used to fund your downpayment. How this choice affects your finances, and a review of your other options.

First-Time Home Buyers Guide: What Is An FHA Mortgage?

First-time home buyers have access to a myriad of low- and zero-down payment mortgage loans. Of all the available loan programs, though, the FHA loan is the most inclusive and accessible for today's buyers.

First-Time Home Buyers Guide: Buying With Student Loans And Debt

First-time home buyers often carry student loans, which can make saving for a down payment difficult. There are lots of "first-time" loan programs to help.

Fannie Mae HomeStyle® vs FHA 203K : Choose Your Renovation Loan

Two renovation mortgage products let you buy and repair a property with one loan. How to select one based on the property and your situation.

Live In Your Own Rental Building And Call It A Primary Residence

Owning a rental building and living in it can be an excellent way to save money on your mortgage, while building home equity for your future. How to do it.

Assumable Mortgages: Take On Someone Else’s FHA, VA, or USDA Home Loan

Buying a home? Save on your mortgage rate *and* your closing costs. Assume the seller's mortgage and make it your own. A guide to how assumable loans work.

2017 Conforming, FHA, & VA Loan Limits

Mortgage loan limits for every U.S. county, as published by Fannie Mae & Freddie Mac, the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA)