What mortgage can I get approved for? Fannie Mae found most Americans overestimate the credit score and down payment necessary to qualify for a mortgage. Credit scores and lending requirements are confusing - even to those of us who work in the credit industry or those that are tangentially related, like mortgage origination or banking. [...]
Are you the victim of wire fraud? There are other financing options available that will still allow you to buy a home. Q: My wife and I recently moved and my son would like to buy our previous home (at a discount from the current market price). The home’s price and our capital gains are [...]
It’s possible to buy a house with no regrets – if you’re willing to do your homework first. http://youtu.be/N7CALu_mAk0 In a survey conducted in the second quarter of 2014 by Chase Bank, 39 percent of people said they’d choose a house of a different size, different price or even in a different area if they [...]
A HUD home is one that was originally purchased with an FHA loan and has, through foreclosure, become property of the Department of Housing and Urban Development (HUD). In short: It’s an FHA foreclosure. Buying a HUD home - while different from buying a non-distressed home - can be a great way to get a [...]
