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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
4 months 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
4 months ago
COVID-19 Guide: Coronavirus & Home Loans
Mortgage

COVID-19 Guide: Coronavirus & Home Loans

Coronavirus and Your Home Mortgage
Coronavirus (COVID-19) information guide: Key points relating to home loans, forbearance, mortgages, refinancing, real estate and the housing market.

David  Mully
4 months 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
4 months 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
8 months ago
A Complete Guide to Second Mortgages
Mortgage

A Complete Guide to Second Mortgages

 What is a second mortgage? It's any loan secured by the value of your home, aside from the main loan used to buy the home itself. That one is called your primary mortgage; any other loans secured by your home are called second mortgages, no matter how many there are.

Kirk Haverkamp
8 months ago
What to consider when buying homeowners insurance
Personal Finance

What to consider when buying homeowners insurance

Homeowners insurance isn’t as price-competitive as auto insurance, making it one of those things you have to buy — mortgage lenders require having homeowners insurance set up before a home loan is finalized so that their collateral is protected — but something that many people are likely to shop for once and then forget about it.

Aaron Crowe
8 months ago
Tax rules for home equity loans
Home Equity Loans

Tax rules for home equity loans

One of the main concerns people have about home equity loans has to do with how they are affected by tax policy. Specifically, what are the rules when it comes taxation and taking a deduction for the home equity loan interest that you pay?

Kirk Haverkamp
8 months ago