3 Powerful Factors That Keep People from Obtaining a Home Loan
Some reason your loan may not be approved.
Tag: loans
The Family Opportunity Mortgage Program
The Family Opportunity Mortgage Program lets people obtain mortgage financing for their college-bound child, disabled adult child or elderly parentswithout the expense associated with purchasing an investment property.Program requirements: Parents of college-bound student may qualify if: They don’t own a second home in the same location Their child is enrolled at a college near the purchase of Read more about The Family Opportunity Mortgage Program[…]
3 Tips to Thrive in Today’s Housing Market and Get the Loan
Hi there! This week, I came across a great article on CNN.com on what buyers and sellers should know in 2014. The full article is here, but these are the three biggest takeaways: 1. If you receive multiple offers on a property, call the buyer’s lender to confirm they have been qualified so the process moves quickly Read more about 3 Tips to Thrive in Today’s Housing Market and Get the Loan[…]
CFPB Unveils New Rules to Make Home Loans Safer
Back in January, the Consumer Financial Protection Bureau (CFPB) released a set of rules designed to make home loans safer and involve fewer surprises. The CFPB has now introduced the concept of a “qualified mortgage,” which means you meet certain criteria and prove your ability to repay the loan. With a “qualified mortgage,” you avoid unnecessary borrowing risks, and lendershave limits on how much Read more about CFPB Unveils New Rules to Make Home Loans Safer[…]