Real Estate
May 6, 2021

Should you buy an existing home or build a new one

In this environment, it’s no easy feat to get your foot in the door with real estate. You really have two avenues buy a house already in existence or build a new one. Here’s the skinny on both…

 

How much money you need to purchase a home?

The old adage you need 20 percent down to buy a home these days couldn’t be further from the truth. Contrary to popular belief, you only need a very small down payment to be successful in purchasing a home. Twenty percent down is the old school mantra of lending, however, if you can put down 20 percent your payments would be lower. However, it’s not specifically needed if your financial house is in order. Here is what to know.

How to get a mortgage without tax returns for 2021

It goes without saying getting mortgage loan financing could be a little bit of an arduous process for some folks, particularly those who have challenges showing income are in the self-employed category. The stated income loans and the loans that were created for self-employed borrowers unfortunately are very far and few these days, and in order to get mortgage financing most typically have to pay the piper. Here’s what you need to know if your self-employed and you have income challenges with regards to how you report your income…