June

June 28, 2018

Some Things You Need to Know About VA Loans, Jacksonville, FL

Just like in any other transactions, it can be a big help if you have prior knowledge on a deal that you plan to get yourself involved in. Applying for VA loans, Jacksonville, FL is no exception. In other words, you need to have enough knowledge before you navigate the widely considered ‘murky’ water of the mortgage market. Here some important things that you need to know about VA loans: They are reusable – Your full VA entitlement can be used over and over again provided that you faithfully pay off your loan each time. However, still, you may be able to get another VA loan even if you have lost one to foreclosure or presently have one. They are not issued by the VA – This agency only provides a guarantee on every qualified mortgage loan; issuing home loans is not their business Available in spite of foreclosure or bankruptcy – Men in uniform who have bankruptcy history can be granted with a VA loan. In fact, even borrowers who have had a VA loan foreclosed on can still benefit from it. They are guaranteed by the government – The government guarantees up to a quarter of the loan amount if you have a VA entitlement. This can boost your chances of approval as this gives lenders confidence and will help borrowers get great deals on mortgage. The purpose of VA loans is for primary residences only – Meaning, if the purpose of buying a home is for investment […]
June 27, 2018

New Home Purchase Loan, Austin, TX

Making a home purchase is one of the biggest financial decisions you can ever make in life. Remember, it involves some serious amount of money and therefore should merit careful planning and wise decision-making. It’s a matter that you cannot afford to fail. Fortunately, prior research on mortgage tips, together with the guidance of a highly qualified advisor, can put you in a better position of getting the best deals in the market today. Finding a reliable mortgage company that works for your new home purchase loan, Austin, TX, is an important step to succeed in home purchase. Companies like yours truly, HomePlus Mortgage, have access to a wide network of lenders, which gives borrowers better chances of getting the best deals available in the industry. In your search for a new home purchase loan, Austin, TX, it is imperative that you come well-prepared when you finally sit down with your mortgage broker. With that, it makes sense to make a personal evaluation on your purchasing capacity. Here are some factors that can increase your chances of getting approved in your new home purchase loan application: Higher down payment – Having at least 20% to put down increases your chances for approval; you also get better interest rates when the lenders figure out that you have the needed ideal amount for down payment. Healthy credit score – Most lenders consider a credit score of 600 as their baseline for home loan approval. Other lenders (e.g. a select credit union, local […]
June 26, 2018

Getting the Best Deal on Home Loan, Tucson, AZ

One of the biggest financial decisions you can ever make in life is to make a home purchase. It involves some serious amount of money and thus, should merit careful planning and intelligent decision-making. It’s a matter that you cannot afford to fail. Fortunately, with prior research on tips on how to find the best deal, along with the guidance of a highly qualified advisor, you can be in a better position to get the best mortgage in the market today. Finding a reliable mortgage company that works for your home loan, Tucson, AZ, is an important step to succeed in that home purchase. Companies like yours truly, the HomePlus Mortgage, have access to a wide network of lenders, which helps borrowers increase their chances to get the best deals available in the mortgage industry today. In your quest for a home loan, Tucson, AZ, it is crucial that you come well-prepared when you finally sit down with your mortgage broker. Here are some factors that can increase your chances of getting approved in your new home purchase loan application: Healthy credit score. Most lenders consider a credit score of 600 as their baseline for home loan approval. Other lenders (e.g. a select credit union, local banks) have put minimum credit score requirements at 720 or above. But how is your credit score computed? It is based on these factors: payment history, utilization ratio, the length of credit history, new credit, as well as the types of credit in use. […]
June 25, 2018

New Home Purchase Loan, Sacramento, CA

Buying a home is one of the biggest decisions you can make in life. It involves some serious amount of money and therefore should merit careful planning and a wise decision-making. Prior research on tips for effective purchase, together with the guidance of a highly qualified advisor, can increase the chances of getting the best deals on getting new home. Finding a reliable mortgage company that offers new home purchase loan, Sacramento, CA, is an important step to succeed in home purchase. Companies like yours truly, HomePlus Mortgage, have a wide network of lenders, which provides borrowers opportunities to find the best deals available in the market today. Before you sit down with your mortgage broker, however, it is imperative that you are well-prepared so that the search for a new home purchase loan, Sacramento, CA, becomes a lot easier. With that, it makes sense to conduct a personal evaluation on your purchasing capacity. Here are some factors that can increase your chances of getting approved in your new home purchase loan application: Higher down payment – Having at least 20% to put down increases the odds of approval; you also get better interest rates when the lenders find out that you have an ideal amount for down payment. Healthy credit score – Most lenders consider a credit score of 600 as their baseline for mortgage approval. Other lenders (e.g. a select credit union, local banks) have put minimum credit score requirements at 720 or above. But, how is your […]