How to Shop for a Mortgage: 7 Steps to Finding the Perfect Home Loan

August 26, 2010 by

Photo by woodleywonderworks. Every week, I see home buyers make the same expensive mistake: they simply don’t shop around for a mortgage. It’s a shame. When you buy a home, getting the right mortgage loan is just as important as the right … [Read more...]

How to Qualify for an FHA Loan

August 6, 2010 by

Many people think that FHA mortgage loans are only for first time homebuyers. Although FHA loans can be a great option for first time homebuyers, they can be used for many other purposes. Knowing the benefits and drawbacks as well as requirements to … [Read more...]

Seller Carry Backs: Finance a Home Without a Mortgage

July 28, 2010 by

Most people have never even heard of a seller carry back, yet it can really pay to understand this real estate strategy. What is a seller carry back, anyway? A seller carry back is simply owner-provided financing. You may also see this advertised as … [Read more...]

Is a Short Sale Right For You?

May 13, 2010 by

Are you or someone you know having trouble paying a mortgage? You’re not alone. Millions of Americans are still grappling with the fallout from the recent recession. And for many, that means falling behind on mortgage payments. If you’re … [Read more...]

Get a Mortgage Pre-Qualification Letter Before House Hunting

May 4, 2010 by

Once you’ve made the decision to purchase a home, I recommend you get pre-qualified for a home loan as soon as possible. Pre-qualification is a quick but very important step you should take before making any offers. Why? Pre-qualification … [Read more...]

Home Loans: The Good, the So-So, and the Stupid

April 22, 2010 by

Time may be up on the home buyer tax credits, but you may hear “it’s still a great time to buy a home”. Why? Because interest rates on home loans are low and, most likely, have nowhere to go but up. Smug home owners love to extol the … [Read more...]

How Much House Can You Afford?

March 5, 2010 by

We first published "How Much House Can You Afford" over a year ago, but we've been getting a lot of questions about the subject recently. In fact, we've also been getting a lot of people asking why they haven't been approved for a mortgage. In many … [Read more...]

Should You Use a Mortgage Broker or a Bank Loan Officer?

February 26, 2010 by

Shopping for a mortgage can be intimidating. There are thousands of mortgage lenders and hundreds of ways lenders can tweak home loans to distort their real costs. You’re also facing the excitement of buying a new home and you may feel vulnerable … [Read more...]

FHA Mortgage Loans: A Good Idea for First-Time Buyers?

November 25, 2009 by

FHA mortgage loans are mortgages that are guaranteed by the U.S. Government's Federal Housing Administration. Thanks to this guarantee, FHA mortgage loans are often available to home buyers who do not qualify for "traditional" … [Read more...]

Pre-Qualification vs. Pre-Approval: What’s the Difference?

October 26, 2009 by

Buying your first home is a huge financial milestone. Whether you're just starting to consider home ownership or are already entrenched in the search for your first home, there's an important step I recommend you take before making an offer or even … [Read more...]

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