As you take a look at your mortgage options, you might find that a conventional mortgage presents a few qualification challenges.
Tag: Mortgage Loans
Do You Need Mortgage Insurance Even If It’s Not Required By Your Lender? Let’s Take A Look
Most loan applications with less than 20% down payment are required to include mortgage insurance with the loan. However, mortgage insurance may still be needed, even if it’s not typically required by your lender.
You May Need More Than You Think To Buy Your First Home
Those who are thinking about buying their first home soon are likely saving up for a down payment. This can be a challenging process because, for many people, this is the largest amount of money they have ever saved in their lives. Sadly, the amount that people might need to buy their first home is more than they think.
The Top 3 Reasons To Invest In A Reverse Mortgage
For seniors who have equity built up in their home, they might have heard about something called a reverse mortgage. There are plenty of TV commercials for reverse mortgages; however, there is still a lot of confusion regarding what they are.