4 Tips for Using Child Support to Qualify for a Mortgage

Mortgages for single momQuite often we see mortgage applicants, generally single mothers applying for financing that have income from a job and child support. Sometimes, the child support is the make or break item that is the difference in qualifying the applicant for a home loan. However, due to the inconsistent nature inherent in some child support relationships, there are a number of rules that apply to getting the child support payments to qualify as income for a mortgage applicant. Here are 4 tips to use in advance of your mortgage application to make sure child support income can be included by your mortgage lender. Continue reading

Here to Home Ownership in Nine Steps Part Three

Homeownership is the “Great American Dream”….it also happens to be one of life’s greatest stresses. However, if we pay attention to these simple 9 steps, we can maximize the “Dream” part while minimizing the “Stress” part of the process. Over the next series of articles, we will cover the necessary steps to buying a home.
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Here to Home Ownership in Nine Steps – Part Two

Home ownership is the “Great American Dream” …it also happens to be one of life’s greatest stresses. However, if we pay attention to these simple 9 steps, we can maximize the “Dream” part while minimizing the “Stress” part of the process. Over the next series of articles, we will cover the necessary steps to buying a home.

This is part two of our three part series. Read part one here.
5. Making your mortgage application
Now that you have an accepted contract, it is important to quickly make your mortgage application. While you have gone to your licensed mortgage loan officer already for a pre-approval, you will now need to make application for your mortgage, if you have not already. Make sure to have your standard documentation ready. Continue reading

Here to Home Ownership in 9 Steps – Part One

Home ownership is the “Great American Dream” …it also happens to be one of life’s greatest stresses. However, if we pay attention to these simple 9 steps, we can maximize the “Dream” part while minimizing the “Stress” part of the process. Over the next series of articles, we will cover the necessary steps to buying a home. Continue reading

Tips for Showing Your Home to Buyers

Good news. Your real estate agent just called with a buyer who would like to see your house. Trouble is, there’s only so much your real estate agent can do and it’s up to you to make your home as presentable and attractive as possible, with the goal of engaging the buyer emotionally. Here are some tips for showing your home.Continue reading

The Worst Home Fixes for the Money

With spring just around the corner, you find yourself watching home improvement shows in the evening, dreaming of the different ways to spend your home equity line of credit. After all, you’ll recoup what you’ve spent when you sell your house. Right? Don’t kid yourself. While prices and returns on home improvements vary regionally, there are certain projects that should be avoided.Continue reading

Buying a Home with No Money Down – VA

Years ago, it was very easy to purchase a home with no money down, or 100% financing. Then this little thing hit called the “mortgage meltdown” hit in 2007 and everything changed where almost every program requires a borrower put some type of down payment on a purchase. However, there are still certain types of mortgages that will finance 100% of the purchase price of your home, they are a US Department of Agriculture(USDA) mortgage and a Veterans Administration(VA) mortgage. We will cover those today.
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