TOP 10 THINGS TO DO WHEN BUYING YOUR DREAM HOME
If you are considering buying a home, refinancing, or using equity to pull cash out, contact me today. Use this link, https://kenlends.com/apply-now/
If you are considering buying a home, refinancing, or using equity to pull cash out, contact me today. Use this link, https://kenlends.com/apply-now/
There are pros and cons for each loan term. We will analyze a 30 year fixed and a 15 year fixed. A simple rule of investing, the shorter the duration of the loan (term), the lower the interest rate. This applies if all other elements are equal (loan amount, same […]
Yes, your credit score does impact you financially. According to the US government agency, Federal Trade Commission, there are many ways you could be impacted financially. If you would like to read all the FTC details, use this link, Free Credit Reports Who may ask to run your credit report. […]
VA loans do not have a prepay penalty. Pay off as fast as you like. You will not get money back. But, you will avoid paying interest. Another benefit, you will be able to use your full VA entitlement to purchase another owner occupied property. Maybe you like your current […]
Is this possible? Yes. Let’s use your example, a 400K mortgage ten years ago. Let’s assume the homeowner stopped making mortgage payments 3 years into the process. So, the last 7 years, mortgage payments were not being made. Don’t forget, there are penalties for late payment or non payment. So, […]
How can I ensure I’ll get approved for a mortgage? The short answer, apply for a mortgage. If approved for the loan, this should ensure your status. Interpreting your question a different way, you may be asking, what is the minimum amount of hassle (aka: borrower data collection) to qualify for […]
How do I get approved for a home loan? Simply contact a lender or broker. Get answers to your questions up front. If that goes well, start the application process. Otherwise, try a different lender or broker. So, the loan application is complete. Now What? The lender or broker should […]
Can you assume a Fannie Mae mortgage? An assumable loan allows a buyer to assume the rate, repayment period, current principal balance and other terms of the seller’s existing mortgage rather than obtain a brand-new mortgage. Check the loan terms to see if your loan is assumable. Technically speaking, any […]