Guide To FHA Home Loans: How Much Income Do You Need?
August 1, 2017
What is the debt-to-income ratio for FHA home loans? It’s pretty flexible, and higher than you’re likely to get with other programs without fantastic credit and a big down payment.
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You Don’t Need Sky-High Income To Buy A Home
April 23, 2017
A new report shows you don’t need a large income to buy a home. An abundance of low-income home loans and programs are making homeownership possible for a new batch of buyers.
Low Income? Your Mortgage Lender Might Approve Your Loan Anyway
March 30, 2017
Low-income home loans are gaining popularity in today’s market. Here’s why you can buy a home even if you don’t have a sky-high income.
How Do I Buy A Home Using a VA Mortgage With Part-Time Income?
March 8, 2017
VA mortgages offer low interest rates and flexible guidelines for buyers & refinancing households — including those with part-time and supplemental income.
Mortgage Calculator : Enter Your Income, See Your Home Price
July 17, 2016
Not every mortgage calculator is created equal. Use one that can tell you what you are likely to afford based on your income.
Qualifying For A Mortgage Using Tip Income & Gratuity
March 29, 2016
New, relaxed mortgage guidelines make it simpler for tip-earning workers across a host of industries to get mortgage home loan-qualified.
FHA Streamline Refinance Update : Banks May Not Verify Income, Job, Or Credit
January 7, 2013
FHA has excluded the FHA Streamline Refinances from Compare Ratios. Banks may stop verifying income, job and credit score.
HARP 2.0 : No Income Needed With “Money In The Bank”
September 17, 2012
The HARP refinance program just took a major overhaul. Income verification is no longer needed, effective immediately. Get today’s HARP mortgage rates.
Improve Your Mortgage Approval : The Income-Equity-Credit Triangle
September 12, 2012
Mortgage underwriting may be strict, but there’s no magic formula for getting approved. Satisfy the Mortgage Income-Equity-Credit Triangle.
Fannie Mae To Get Tougher On Mortgage Insurance, Income Levels and Credit Scores
September 29, 2009
For the second time in 10 weeks, Fannie Mae is toughening its mortgage guidelines again. Again. According to an internal Fannie Mae document, a review of the group’s current “risk appetite, eligibility requirements, mortgage insurance options, and pricing” spawned changes spanning credit scoring, income requirements, loan-level pricing adjustments.
How many times my salary can I borrow for a mortgage?
July 13, 2020
How much mortgage can you afford? Maybe up to 6 or 7 times your salary, but the answer depends on other factors, too. Get the full story here.
Credit card or personal loan: Which is better to cover an expense?
October 8, 2019
Is a credit card or personal loan the better way to cover an expense, especially an emergency bill that comes out of nowhere?
Important mortgage terms: conventional, non-conforming and conforming loans
March 18, 2018
Your choice in mortgage financing: conforming loans, non-conforming loans, or government loans, makes a difference in what you pay. Here’s what you need to know when shopping for a home loan.
Forecast predicts boost in housing inventory, sales in 2018
December 4, 2017
Housing inventory is rising in many markets. That should increase the supply of affordable homes for new buyers.
Buyer and seller confidence is up: Is it time for you to become a homeowner?
November 3, 2017
Is it the right time to become a homeowner? Many home buyers and sellers believe that it is. And with interest rates still below 4 percent, you should probably consider homeownership as well.