Five Hurdles to Mortgage Qualifying
Everyone has heard of the tightening of the credit market but what does that really mean to you? What does that really mean to you as a home buyer? Over…
The Lender that Could – I Knew I Could
The mortgage business can be a confusing industry to understand. There are different types of loans, different types of lenders and different paths for loans after closing. All of these…
The Bank of Mom and Dad
We received a couple of calls in the past few days for potential home buyers looking to get qualified for a mortgage and both of them had questions about how Mom and Dad could help them qualify. Here are their situations:
Pre-Qualification versus Pre-Approval
Several years ago most people didn't really care about the difference between a pre-qualification and a pre-approval because there were so many qualified buyers in the home buying market place…
Mortgage Don’ts
I recently received an email from a Lending a Hand reader requesting information on what to avoid throughout the mortgage process to ensure a smooth approval and closing. Instead of…
Money for Buying a Home
Money, money, money. Money is normally one of the biggest obstacles that stops renters from buying their first home. I don't think that would be the case if they knew…
Mortgage and Divorce
Finances are a touchy subject when it comes to divorce, but I guess every subject can get touchy during a divorce. I want to make sure you are aware of…
Successful Qualifying – The Three C’s
The question of what it takes to qualify for the best terms and interest rate on a mortgage comes up quite often in my discussions with potential home buyers. There…
How Much Mortgage Can I Afford?
Determining the amount of mortgage you can afford is normally a personal decision but the lender will have their two cents. Consider both what the lender looks at and what…