If you’re a homeowner looking for ways to lower your monthly expenses, one of the alternatives you may be considering is refinancing your home. Interest rates are very low, and reducing your rate on a …
Can You Get a Personal Loan for a Down Payment on a House?
When getting a mortgage to buy a house, a homebuyer will need a down payment in most circumstances. And though homebuyers don’t always need 20 percent for a down payment, they will usually be penalized …
Carrington Mortgage offers home loans for consumers with less than perfect credit
Carrington Mortgage Services has expanded its residential mortgage offerings to make access to home loans a greater possibility for the roughly 100 million U.S. consumers who have less than perfect credit. The introduction of its …
3 Tips for Rebuilding Your Credit
You’ve just gone through a rough patch in your life and now you want to rebuild a sagging credit history. Or maybe you’re starting over, having given up credit years ago and you now have …
Tools for Buying a House? You May Want to Avoid the 30% Rule
Ask someone the question, “How much should I spend on a house?” and there’s a good chance that they will respond with the 30% rule. The 30% rule, which says not to spend more than …
Other Payments That Can Affect Your Monthly Mortgage Payment
One of the biggest changes in becoming a homeowner has to do with your monthly mortgage payment. Whereas before when you were renting, you could write one check and be done with it, there are …
Miami’s Brickell Condo Market Update – December 2016
Since the last housing crisis, the Miami Brickell condo real estate market had become attractive to domestic and international buyers. Some key contributing factors to this attractiveness is Florida’s favorable tax regulations, the slow global …
How to Reduce Mortgage Closing Costs
Once you’ve made it through pre-approval, your house search, making your offer and securing your loan, it’s time to prep for the last step: closing! Unfortunately, closing brings with it another round of costs – …
FICO Credit score 550 or more? No problem with special home loan programs available
HIGHLIGHTS In 2014, consumers with FICO credit scores higher than 660 made up a large portion of mortgage borrowers Home loan program available with a minimum FICO credit score of 550 The home buying process …
Saving for a Down Payment on a House just got easier with new 1% Down Program
HIGHLIGHTS 4 out of 10 people think you need a 20 percent down payment to buy a home Most lenders do not require a 20 percent down payment to buy a home New 1 percent …
How to Navigate Credit Issues That Can Affect Your Mortgage
No doubt about it, applying for a mortgage can be a long and involved process that can leave you feeling drained and financially exposed. But it’s in your best interest to be transparent with your …
Is a 203K Renovation Loan Your Key to Renovation Rescue?
You know that halfway excited feeling you get when things are almost perfect, but not quite? Like, say you found a house in the perfect neighborhood, but the house itself is not so perfect. But …
Tired of renting your Miami Condo? Buying one may not be so out of reach in the near future
HIGHLIGHTS Brickell condo renters on average are paying their landlords over $34,000 per year Miami condos are traded among investors like stocks and bonds are traded on Wall Street Less competition and a large condo …