financing: When Should You Refinance Your Home?
- 05/02/14 03:36 AM
Refinancing your home at a lower rate is very common among some homeowners. However, it is not always the right decision for everyone. Before you make the decision to refinance your home, it is important for you to put some deep thought into how this change will affect you. Here are four things to consider before refinancing your home.
What Are Your Goals? Determining your goals for refinancing your home is one of the first things you should do. There are things you need to consider and remember before putting forth the work throughout the whole process. Refinancing your … (2 comments)
financing: Can You Buy A Home With Bad Credit?
- 01/24/14 01:59 AM
If you’re young and haven’t built up credit, or have had a few lapses in your credit history, you may be wondering if you can still buy a home. The short answer is, “Yes, it is possible to buy a home with bad credit”, says Realtor.com writer Cina Coren. It’s optimal to have a long, clean, credit history if you want to purchase a house because it makes it easier to get approved for a home loan, and it can help you secure lower interest rates. The best way to go from “bad credit” or “no credit” to “homeowner” is to take … (0 comments)
financing: A VA Loan VS. An FHA Loan
- 01/06/14 06:05 AM
When you’re applying for a loan, you might be unclear about what type of loan you’re looking for. The Federal Housing Administration (FHA) and the Veterans Administration (VA) offer loans to a variety of borrowers with a number of benefits for each. The FHA is an agency whose main goal is to help provide housing opportunities for low- to moderate-income families, with or without a military background. Meanwhile, the VA guarantees home loans made available to veterans and military personnel only, without any down payment. Qualifying requirements, down payments and fees can vary between the two programs. There are a number of … (2 comments)
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