Can You Purchase a Multiple Home Property With an FHA or a HomePossible Loan?
Owning the perfect home in the perfect city, in the perfect neighborhood is a dream for most. What most are not aware of is that there are loans available for those who do not have as much cash to put down up front. FHA loans and the Home Possible loan are two types of loans which are alternatives to the conventional loan.
Reasons to Become a Landlord
Many people debate whether or not you should rent or buy a home. Many are happy renting. They have a place to live without any responsibilities that come along with homeownership. However, just as many people don’t want to waste their money by renting. They want to work on paying off their home and getting equity.
5 Questions All Listing Agents Should Ask Lender’s About The Buyer’s Pre-Qualifications
There is a lot involved in the process of obtaining a mortgage and buying a house, and all parties involved should keep in mind that they are all there to help each other. Everyone has specific areas of expertise, and they all expect to answer questions in order to ensure that the process runs as smoothly as possible from start to finish!
Three Most Important Numbers to Consider for a Mortgage Application
When you are ready to buy a home, most people realize that the first step in the process is obtaining financing for the purchase. After all, the amount that you are approved for ultimately determines which home you can buy. Many people begin by looking at numbers – the amount of their monthly income, how much of a down payment they can afford, and the approximate amount of the payments they can handle.
Making Sure Your Tax Return Leads to a Smooth Home Buying Process
The beginning of a New Year is quickly becoming a reality. Along with the fresh start of a new calendar year, also comes the time for your employer to send to you a W-2 or 1099, which gives the total of wages earned the previous year, as well as taxes you had withheld. By law, this must be sent to you by January 31. If you are self-employed, you will total your income yourself. Investments of a rental property also must be documented and figured by you.
Top 8 Reasons to live in the DMV
Even though most people think about driver’s license centers when they hear about the DMV, it is also a name given to the area of Maryland, Virginia, and Washington DC. Though most people can’t imagine living anywhere near DC due to the traffic, there are many reasons why it is a great place to live.