Home Purchase Articles

Want to get your personal finances in order but you're not sure how?
Here at Mortgage Loan, we have a few tips!
Getting a mortgage with a new job? It's easier than you think
Home Purchase

Getting a mortgage with a new job? It's easier than you think

There are plenty of requirements you must meet when applying for a new mortgage or when you plan to refinance your existing loan. Lenders will look at your debt levels, income and credit score. They’ll also look at your employment history. Fortunately, getting a mortgage with a new job is far from an impossible task.

Aaron Crowe
14 days ago
Fannie Mae HomeStyle lets you buy and renovate with a single loan
Home Purchase

Fannie Mae HomeStyle lets you buy and renovate with a single loan

If you're looking to buy a fixer-upper home and renovate it, you might be considering Fannie Mae's HomeStyle Renovation program. The program, like similar products offered by private lenders and with FHA loans, allow you to include both the costs of buying a home and those needed to renovate it all in one loan product.

David  Mully
14 days ago
3 options for buying your parents a home
Home Purchase

3 options for buying your parents a home

Buying a home for your parents to live in is basically buying a second home with another mortgage added to your monthly bills. That can be difficult to do, though there are two other options if adding another mortgage bill to your finances isn’t possible.

Kirk Haverkamp
21 days ago
What do you need to apply for a home loan.
Home Purchase

What do you need to apply for a home loan.

Applying for a home loan can be an intimidating process. It's one of the things that can cause first-timers to drag their feet the feet on buying a home. Even homeowners who've been through it before may put off refinancing simply because they fear an extended and cumbersome process.

Kirk Haverkamp
4 months ago
Parental Guide: Buying a Home for Your Child
Home Purchase

Parental Guide: Buying a Home for Your Child

Purpose of this guide
This guide was created to educate parents on the options available to them to help their children to purchase a home.
After evaluating this guide, readers will have a better understanding of:
 

Kirk Haverkamp
5 months ago
RHS - Rural Housing Development Loans
Home Purchase

RHS - Rural Housing Development Loans

Applying for a mortgage can sometimes prove complicated. However, there are many different programs that one may be eligible for. You first need to gather information about the qualifications and guidelines for programs such as the Rural Housing Development Loan program. Interest rates can be different with different lenders along with the qualifications and guidelines from one lender to the next.

Kirk Haverkamp
5 months ago
How to make buying a home more affordable
Home Purchase

How to make buying a home more affordable

Worried that you can't afford even an entry-level home in your market? You're not alone. John Burns Real Estate Consulting recently released a study showing that only 54 percent of U.S. consumers can afford a home priced at 20 percent of the median home price in their area.

Kirk Haverkamp
1 year ago