May

May 28, 2021

Ask These 3 Key Questions Before You Go For Home Refinance, Cape Coral, FL

Refinancing your home can be a viable instrument to improve your financial situation. It can help save you money or make paying your monthly bills easier. But the fact remains that refinancing is not for everyone. Thus, before you sign on the dotted line, it is crucial to ask these questions to determine if going for a refinance makes sense, given your financial situation. Q 1: What are my goals? Many people choose home refinance, Cape Coral, FL, because of lower interest rates, but there are other reasons apart from that. For instance, do you want to lower your monthly bills? Do you want to shorten the term of your loan by refinancing to a 15-year mortgage from 30? Do […]
May 27, 2021

Qualifying For FHA Loans, DFW, TX

Contrary to conventional mortgage loans, FHA loans, DFW, TX, are government-backed loans. In other words, the Federal Housing Administration guarantees them. These loans are popular with first-time homebuyers for several reasons. For instance, they require lower minimum credit scores; for another, they accept a minimum down payment compared to conventional loans. To be eligible for an FHA loan, you must meet the following lending guidelines: Your FICO score is between 500 and 579 with 10 percent down or a FICO score of 580 or higher with 3.5 percent down. You have a verifiable employment history for the last two years. You can provide proof of income, which is verifiable through pay stubs, federal tax returns, and bank statements. You intend […]
May 26, 2021

Here’s How To Get A Certificate Of Eligibility For VA Loans, Scottsdale, AZ

Do you qualify for VA loans, Scottsdale, AZ? If so, you can obtain a mortgage without the need to pay for a down payment or having to pay for mortgage insurance. However, you are required to obtain a VA loan certificate of eligibility before you can apply for this type of loan. The certificate of eligibility, more commonly known as COE, is the first step toward getting a VA loan. The U.S. Department of Veterans Affairs issues the said certificate, which serves as evidence that you, indeed, meet the requirements to be eligible for VA loans, Scottsdale, AZ. Obtaining a VA loan COE There are three main options for getting your certificate of eligibility. You can choose from the following: […]
May 25, 2021

3 Important Questions To Ask Before Choosing A Home Refi, Riverside, CA

Refinancing a mortgage can be a viable tool to improve your financial situation. It can help save you money or make paying your monthly bills easier. But the fact remains that mortgage refinancing is not for everyone. So before you sign on the dotted line, it is imperative to ask these key questions to decide if going for a refinance makes sense, given your situation. Q1: What are my goals? Many people go for a home refi, Riverside, CA, because of the low interest rates offered, but there are other reasons apart from that. Do you want to lower your monthly bills? Do you want to shorten the term of your loan by refinancing to a 15-year mortgage from 30? […]