Posts Covering Mortgage Strategy

Will Your HELOC Payment Skyrocket In 2018?

Second mortgage payment can increase when the loan "resets," or enters its full repayment period. Create an exit strategy before your payments rise.

Should I Refinance? – Reduce Your Interest Rate With 2018‘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.

How To Refinance Your Second Home : 2018 Guidelines, Rates, & Cash-Out Rules

Owners of vacation homes are discovering low rates and easier qualification standards for second home refinances. Get cash out, lower your rate, and make your vacation residence more affordable.

Your state may let you deduct savings for down payments

Some states help with homeownership There is a small but growing number of states that are using their tax systems to encourage would-be homeowners to save for their down payments. Is yours one of those that allow you to make deductions? And how much help might you get? Read on to find out. Down payments […]

Home loans for staff and travel nurses 2018: Get approved despite variable pay, non-taxable income & employment gaps

Nurses often have outside-the-box pay structures and employment situations, and it's hard to get approved for a mortgage. Proven strategies to help RNs get a home loan.

Complete guide to buying rental property

Buying rental property is different from purchasing your "dream home." Because while a dream home includes personal preferences, a rental is all about the money. Here's what you need to know.

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.

Self-employed mortgage borrower? Here are the rules

If you're self-employed, mortgage approval can be harder to get. But it's easier than it used to be. lenders are loosening up, and that's good news for self-employed mortgage borrowers.

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.

This credit card rule makes mortgage qualification easier

A change in the way credit card debt is calculated makes it easier for to get mortgage-qualified. Read more about the change and see today's live mortgage rates.

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.

Before making a 20 percent mortgage down payment, read this

Making a large down payment 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.

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).

How to remove your ex from the mortgage

It's not always easy to remove your ex from the mortgage, but it's possible. Here are several strategies you can try.

The 80/10/10 piggyback mortgage is often cheapest

The 80/10/10 mortgage is widely-available and buyers are using it to avoid PMI; and, to buy homes more cheaply. More on the program plus today's live rates.

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.

4 types of PMI: which one is right for you?

There is more than one type of PMI; in fact, there are four. Choosing the right one puts you in a better home buying position.

Refinancing Your ARM When It’s About To Reset

Is your ARM about to adjust? You may want to refinance out of it. With LIBOR rates rising, ARMs are adjusting to their highest point in more than 6 years.

Mortgage Discount Points: Are They Worth It?

Mortgage discount points will lower your quoted mortgage rate and your monthly housing payment. But should you ever pay them at all? Analysis and today's...

Your best mortgage bank might not be a bank

If your mortgage application is not the strongest, a non-bank mortgage lender might be better than a mortgage bank. Their standards are lower according to a new study.

2018 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)