In today’s competitive market we understand the urgency of your pre-qualification. We acknowledge that in Today’s housing market it is very HOT and new listings go under contract just before you can make an offer. Before you begin your home search have a solid team to help you out. Meaning, you should have a Realtor who is very knowledgeable, a Broker with experience, and a Loan Officer who doesn’t take more than one day to give you a pre-qualification letter, working for you.
If your Loan Officer takes more than one day to provide you with a (1 comments)
Wow! Look how the year of 2014 just came and left! Now we are at the end of this beautiful blessed year and are right around the corner of our best holidays. Come on now… Everyone loves: Veteran’s day, Thanksgiving, the Black Friday deals, Christmas and the fabulous celebration of the New Years! Aren’t we so blessed to enjoy these festivities with family, friends and food? Yes we are! Don’t neglect it. Aside from our fortune, there are those who are less fortunate. That don’t have money, family, nor food, for not only in these holidays, but (0 comments)
Earlier in Series, On of How to Avoid delays in your closing on a Home Loan, we mentioned just how important your credit is for when you’re applying for a home loan. Aside from your FICO score, your assets are a huge part to your loan approval. You must prove that you have the funds to close and all funds must be sourced prior to issuing out a loan approval. For Residential home loans you need 2 months of recent bank statements and for Commercial loans we would need 3 months of recent bank statements. For Example… If you (0 comments)
Like all buyers, you see a home, want it, and then you go pursue it. You go set up an appointment with a Mortgage Broker and expect to get a smooth closing. Right? Of Course! But not all prospect buyers know exactly what documents they need or what credit score they need in order to get the closing done in 30 days or less. Keep reading and keep scrolling down to unlock your full potential on a fast and easy home loan (0 comments)
How to choose between an FHA, VA or conventional home loan? People who work with home loans every day can forget just how confusing their jargon can be to outsiders. Here is a quick overview of the three main types of mortgage from which both first-time buyers and old hands may choose. In America, the money borrowed by home buyers is almost invariably provided by commercial lenders, but the federal government guarantees at least part of the debt for Federal Housing Administration (FHA) loans and Veterans Administration (VA) mortgages.
FHA loans FHA loans are currently the most popular form (0 comments)
If you are new to the real estate market, the cost of a home may appear daunting. You may feel that you cannot qualify for any home loans, based on your income. However, lenders have a logical and clever way to formulate the best loan amount for you. It is possible to own a home, even with a limited budget. Lenders take your unique income and financial background to create a loan package perfect for your monthly budget. The Debt-To-Income Ratio The main financial formula that lenders use to determine your maximum home loan amount is a ratio (0 comments)
Could I purchase again after a foreclosure or short-sale? As much as people think you can’t, that’s far from the truth. Good news! You absolutely can! What Are Extenuating Circumstances? A death in the household or a permanent disability were typically the only extenuating circumstances that could help you secure a new home loan. With the new “FHA Back To Work program”, initiated November 16, 2013, recovering homeowners can find a reasonable mortgage only 12 months after a foreclosure, without exorbitant interest rates and charges. Homeowners are slowly emerging from economic hardship. Lenders see the past foreclosure as a (0 comments)
Should I Buy a Used home or A New Home? Untouched and Clean The most obvious benefit to buying a new home as opposed to old, existing, or used is that it’s brand spanking new. It’s untouched, it’s clean, everything is in good working order and nothing needs to be repaired. That’s a pretty huge incentive to buy new. You won’t have to worry about the typical costs of homeownership for the first several years, right? Another benefit to buying new is that the home should have all the latest amenities. Remember when it was all the rage to have (4 comments)
I help a lot of first time home buyers and as a first time home buyer I understand there are many questions or concerns that they may have. I simply put together a short summary of the Loan Process here at NuHome Group. This summary is very brief to help not complicate things. Qualification- you would need to provide certain documentation to be pre-qualified. Thirty days of Pay stubs, 2 recent months bank statements, 2 years tax returns w/ W-2's (2013-2012) or 1099’s and other forms of income may be requested, a front and back copy of your social (1 comments)
I was recently at a business training to learn more about real estate. Instead of the training being focused on logical and practical operations it was more of a sermon. The guest speaker spoke about how we give ourselves the option to fail by the way we emotionally express ourselves on a daily basis. He said “We just give up too easily sometimes.” I agree with him on that point. Then he went on about explaining the words we declare sometimes. He stated, “We worry ourselves and even curse ourselves, then wonder why we receive the results that we get.” (0 comments)
Although most of my blogs are mostly pertained to Mortgages and Real Estate, I thought it would be neat to throw in something a little different. As most know, I am a firm believer in Jesus Christ, I’ve built my foundation on his rock with not only my family, but with my business as well. I came across this amazing video and would like to share it with the world. I’m quite sure someone will look at this video and think to their selves, “Gosh, this is me!” I hope you view this video and analyze it fully. I’d (2 comments)