FHA Mortgage Pre-Approval FHA loans help moderate income buyers to own a home and possibly grow home equity over time. An FHA mortgage pre-approval can streamline the process of selecting and buying the right property for your financial situation.
Home Equity Loans A home equity loan or line of credit can be the solution to your cash flow needs whether those are home improvements, college educations for your children or unexpected expenses.
Factors That Determine Mortgage Interest Rates If you are in the market to buy a home, there is a lot for you to consider. One of the most important factors is the interest rate on your mortgage. The reason that this is so important is that a difference of just a fraction of a percent on your rate can mean a difference of tens of thousands of dollars throughout the duration of your mortgage.
How A Co-Signer Help You Qualify For An FHA Mortgage. If your co-signer has at least a 580 credit score, he or she can help you pay for an FHA loan that only requires a 3.5% down payment. However, the co-signer can still help you pay for your loan with as low as a 500 credit score, but the down payment assessed will be 10% for any score beneath 580.
Ten Step Process Of Buying Real Estate. 1. Assemble Your Documents Your mortgage lender requires certain financial information such as your credit scores and debt-income ratios. Before applying for a mortgage loan, assemble your buyer’s documents. Your mortgage lender will request: