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Category Archives: Conventional

qualify for a mortgage

Qualify for a Mortgage by Using Retirement Income

Can You Use Your IRA to Qualify for a Mortgage? Qualify for a mortgage: Mortgage lenders qualify borrowers for a mortgage based on their credit scores, debt-to-income ratio, and assets. As a result, retired borrowers are facing difficulties when trying to get a loan due to their decrease in income. Qualifying for a Mortgage using your retirement

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mortgage after bankruptcy

Mortgage after Bankruptcy: Options & Possibilities

Buying a House after Bankruptcy? Is It Possible? Mortgage After Bankruptcy The good news is that you can buy a house even after filing for bankruptcy.  In some cases immediately after dismissal.  Except that comes with higher rates. As you probably know there are 4 main types of bankruptcy cases and is important to distinguish

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mortgage loan types

Mortgage Loan Types Explained

Mortgage loan types currently available for you? Mortgage Loan Types Fixed rate mortgage loan types. Fixed rate mortgage loans have the same interest rate for the entire repayment period. With the monthly principal portion being also constant you will pay the same amount of money month after month, year after year. 2. Adjustable rate mortgage

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rental property

Converting Your Home to Rental Property

What You Need to Know Before Converting Your Home into Rental Property     Converting your primary property into a rental property cannot be done on the spur of the moment, it requires planning and a cost benefit analysis     Assess the risk Let's say you have one mortgage and you plan to get

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Rent My House

  What are some of the things to know if I want to rent my house and buy a second home? It’s always breaking news when the process of applying and qualifying for a new home mortgage gets easier even if there are house payments being made on another. Fannie Mae announced homeowner-friendly regulatory changes

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