Posts Covering Mortgage Strategy

With Lenders Approving More Loans, All-Cash Home Sales Drop

Cash home sales are falling on low rates and loosening mortgage guidelines. High-asset buyers are once again considering a mortgage.

Use This Strategy To Buy A House Before Selling Your Current One

You don't always have to sell your house before buying another. Today's housing and mortgage markets offer options for a relaxed housing transition.

Caution: You May Know Less About Mortgages Than You Think

Few first-time home buyers have the minimum personal finance knowledge necessary to shop for, and purchase, a home.

Typical Home Buyer Making Smaller Mortgage Down Payment

Home buyers are putting less money down at the time of purchase. Some of the programs they're using to get this done, and why being "house-poor" is no good.

Your Debt-To-Income Ratio Can Tell You How Much Home To Buy

A debt-to-income ratio is not just a number for lenders to use. Buyers can calculate it themselves and use it to estimate their comfortable home payment.

Interested Party Contributions: Getting The Home Seller To Pay Your Mortgage Closing Costs

"Seller concessions" allow a home buyer to have its mortgage closing costs paid by the home seller. Option available for FHA, VA, USDA, Conventional, and jumbo mortgages.

Second Home Purchases Soar On Low Rates, Better Mortgage Options

Second home sales reached nearly 1 million in 2015. Financing options are now easier to find and buyers are finding solid value in leisure residences.

My Home Didn’t Appraise For Its Purchase Price. Now What?

What to do when you home fails to appraise for its purchase price, or when your home appraisal is turned down because of loan-to-value (LTV).

Don’t Go “Off Grid”, & Other Mistakes Home Buyers Make

You can lead a horse to water, but you can't make it drink. Home buyers get helpful advice from lenders but, for some reason, so often they choose to ignore it.

Buying Without Your Credit-Challenged Spouse

Lenders do not require couples to be on the mortgage together. A spouse with lower credit can be removed from the application to help the other qualify.

3 Signs That You’re Ready To Buy Your First Home

Currently renting a home but want to transition into homeownership? 3 surefire ways to know whether you're ready to become a first-time home buyer .

Assumable Mortgages: Assume 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.

Specific U.S. Census Tracts Give Access To Below-Market Mortgage Rates

87% of homebuyers qualify for mortgage assistance, including access to lower mortgage rates than the populace, and to special loan programs like HomeReady™.

Qualifying For A Mortgage When You Work Part-Time

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.

Qualifying For A Mortgage Using Tip Income & Gratuity

New, relaxed mortgage guidelines make it simpler for tip-earning workers across a host of industries to get mortgage home loan-qualified.

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.

Refinance Mortgage Rates Hit By Huge Demand For Mortgage Loans

The current Refinance Boom is bogging down banks, and causing mortgage rates to rise. Are rates too low to be sustainable? Perhaps it's time to lock.

4 Ways To Get Better Mortgage Rate Quotes From A Bank

Today's mortgage rates are low. Plus, with even just a tiny bit of preparation, you can get your lender to quote you even lower.

It’s Actually Risky To Make A 20% Down Payment

Making a large downpayment is not the conservative investment you believe it is. The risks of putting 20% down on a home are real. Know what you should do.

Bi-Weekly Mortgage Payment Programs: Will You Pay Your Mortgage Faster?

About the bi-weekly mortgage payment program, and whether it's an effective way to own your home faster. Analysis, plus today's live mortgage rates.

2016 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)