Real Estate
October 23, 2019

Seven common mortgage mistakes

The internet is full of information about purchasing or refinancing a house. Some of it tangible some of it is not worth the paper it’s written on. Here are seven of the most common misconceptions with regards to getting a mortgage…

 
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>> What to expect in today’s loan process? >> How to use rental income to qualify for a mortgage >> How to plan the optimal time to buy a rental property >> The loan process and what not to do >> Why waiting for mortgage rates to get better is a losing proposition >> A factor that can drive your mortgage cost up >> How child support and alimony can affect your ability to get a mortgage >> What to look for when getting a mortgage on a manufactured home >> Why getting a 30-year fixed-rate mortgage is a smart financial move >> How to lower your cash to close when buying a home >> What you need to know about securing a VA mortgage >> How mortgage lender credits work >> Five quirky refinance scenarios that work >> Two mortgage loan programs get a better interest rate >> The #1 mistake consumers make when getting a mortgage… >> Things that affect your first-time buyer mortgage options >> Be wary about paying off this type of mortgage >> Best benefit for your first-time home buyer >> Why the VA mortgage is the best home loan >> A bank statement program might help get a mortgage >> Read the fine print >> Cash-out refinance or home equity >> Should you refinance with today’s mortgage rates? >> Should you buy and build or buy a single family home? >> Don’t make mistakes when getting a mortgage refinance >> Home value when refinancing >> Should you go FHA or conventional for purchasing your first home? >> Mortgage rate sounds too good to be true >> Finances matter when buying a home >> FHA requirement might hurt buying chances >> How to get a mortgage without providing tax returns >> The new way to get a mortgage with 1 year income tax returns >> Four common home buying mistakes to avoid >> How to create wealth with your income and finances >> Should you buy a house with monthly mortgage insurance? >> 2019 conforming loan limits rise >> FHA loan limits for 2019 increase >> Working two jobs makes now easier to get a mortgage >> How much of your mortgage income should be going towards an auto loan? >> How much are closing costs when you purchase a house? >> Self-employed income >> Common questions on financed mortgaged insurance loans >> A loan program you may be eligible for based on your credit score >> Can you use roommate income to get a mortgage? >> Pulling credit may not make sense >> Cash to payment formula when buying a home >> Lender knows how to purchase business? >> Be careful getting a mortgage if you have a bankruptcy >> How expensive your mortgage will be due to bad credit? >> A non-traditional program for self-employed mortgage borrowers >> What you need to know about the mortgage 4506-t document >> Two mortgage process problems you will want to avoid >> How the mortgage process gets ugly if you have a difficult picture >> Could the 30-year fixed mortgage get to 3 percent? >> Purchase price should not be most important factor >> Three reasons you should not buy a home >> Three quirky issues that will hurt your mortgage >> Why your mortgage payment keeps changing >> The credit score it takes to get a mortgage >> How 1031 tax-deferred exchanges work >> Six to avoid when purchasing a home >> Mortgage inquiry makes your credit score drop? >> Transfer property to family and be protected under Prop 13

What to expect in today’s loan process?

Mortgage loan financing is a little bit of a cryptic process to some people. Talk to your friend, your neighbor, your parent and everyone will have their story about what their individual loan process was with some good, some bad and some in between. Here is the nature of mortgage lending and how the process works so you can best position yourself for successfully purchasing or refinancing a home….

How to use rental income to qualify for a mortgage

Rental property is a great way to have additional streams of income and create a financial nest egg for you and your family. If you’re mortgaging a property with rental income here are some things you should be aware of when it comes time to qualifying for a mortgage…