Posts Covering Mortgage Strategy

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.

Home Equity And HELOC: Refinance Or Combine

A HELOC refinance involves many factors. Here's a rundown on all your options when your HELOC rate increases.

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.

Job Change? You Can Still Get Mortgage-Approved

Changing jobs probably won't jeopardize your mortgage approval, but switching careers might. Understand the nuance with which lenders will judge your move.

How To Get A Mortgage If You’re Newly Self-Employed

Lenders don't always require two years of tax returns to approved self-employed mortgage applicants. Know these strategies, and get an approval.

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.

How To Avoid Making A Contingent Offer On A Home

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.

How Much Do Extra Mortgage Payments Really Save You?

Making extra mortgage payments sounds like a great idea. But other factors should weigh into the decision, like savings goals and current mortgage rates.

4 Ways To Keep Your Mortgage Closing Costs Low

Mortgage borrowers make the same common mistakes which increase their mortgage closing costs. How to make better choices for your purchase or refinance home loan.

Don’t Think You Can Buy Again After Bankruptcy? Actually, You Can

A bankruptcy doesn't disqualify you from owning a home again. Getting approved for a new mortgage can happen in as little as one year.

Downpayment Gifts: How To Give And Receive A Cash Downpayment Gift For A Home

Step-by-step instructions for accepting a cash downpayment gift on a home, including a ready-to-use gift letter template.

FHA Loan With 3.5% Down vs Conventional 97 With 3% Down

Comparing the FHA 3.5% downpayment program to the Conventional 97 program which requires 3% down. Analysis, plus complimentary mortgage rate quotes at near the lowest levels of all-time.

New Rules In Effect For Self-Employed Mortgage Borrowers

Good news for the nation's 14-million self-employed workers -- mortgage lenders are making it easier to get approved for a purchase loan or home refinance.

Read This Before Borrowing 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.

Should I Refinance? – Reduce Your Interest Rate With 2017’s Low Rates

"Should I refinance my mortgage?" An analytical look at reasons to refinance, plus how to lock today's mortgage rates with no closing costs.

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).

Use An Online Mortgage Calculator To Find Your Best Home Price

Home buyers often don't know how much they can afford. Using a mortgage calculator is an important step to finding a comfortable home price.

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.

4 Ways To Get A Better Mortgage Rate Quote

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.

Report: 6-In-10 Consumers Now Believe Getting A Mortgage Is Easy

The majority of consumers now think getting a mortgage isn't that hard. That's a marked change from just a few years ago.

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)