Not sure what it takes to get a home loan today? Home Loan Expert, Eric Ehrhardt, covers the most important basics – credit, equity, income and assets – so when you’re ready to buy your dream home or refinance your existing home, you’ll have everything you need to qualify and move through the mortgage process with ease.
Tag: new home loan
In part one of this article, we looked at some key “to do” items to get your financial house in order in time for the new year. In addition to monitoring your credit, debts and savings, there are also some smart moves you can make to save on 2010 taxes and improve your long-term cash flow by re-thinking your home loan.
Short sales differ from most home purchases in almost every way. At every step, from shopping to negotiating to mortgage financing, short sale properties are just harder to deal with. Here’s what you need to know.
Qualifying for a home loan these days isn’t easy and requires extensive documentation as well as some available cash. But know that some of your financial costs may very well be tax-deductible, so be sure to keep all receipts and obtain detailed accounting from your mortgage lender regarding all costs paid out of your pocket once you close the deal. Here are five things you’ll need to qualify for a home loan today.
As mortgage rates hover at historical lows, many homeowners are running out to refinance. But is now the right time for you to get a new home loan? Learn how to analyze your mortgage situation so you can decide if refinancing makes sense for you.
Just when you thought they were as low as they could get, mortgage rates continue to slide. In fact, you can now get a 30-year home loan at the lowest interest rates in 39 years, according to Freddie Mac. Take advantage now, as mortgage rates will likely go up in the near future.
Whether you’re ignoring major savings on your largest bill or you’re neglecting to sock money away for a rainy day, you’re putting yourself and your finances at risk. Keep your costs manageable – now and in the future – by avoiding these five common money mistakes.
Whether you’ve heard it on the news or tried to obtain a mortgage or other type of loan recently, you know that the landscape of the lending environment has changed drastically than it was even one year ago. Even borrowers with high credit scores have run up against obstacles preventing them from obtaining a mortgage to buy or refinance a home.