Home Loans with Bad Credit
If you have bad credit, or no credit you may feel that buying a home is completely out of your reach. While being approved for a home loan is much easier if you have good credit, obtaining a mortgage is not impossible with less than impeccable credit scores. If you have bad credit, but have [...]
Foreclosure Status in America
The amount of homes in foreclosure is declining in America, but that doesn’t necessarily mean the foreclosure crisis is gone for good. Recovery for our country has been a long process, and will continue to be and will continue to affect the housing market. Foreclosures are currently down 14.8 percent this quarter, compared to statistics [...]
Mortgage Tax Deductions
Hundreds of thousands of Americans took advantage of the homebuyers tax credit of the last three years. Many mortgage lenders feel this government sanctioned tax credit for first time homebuyers was a true success, and allowed people to purchase homes more affordably. Unfortunately, the first time homebuyer’s tax credit has not been extended, unless you [...]
How Big of a House Can you Afford?
Many first time homebuyers are confused as to how big of a house they can actually afford. It’s important to have a clear understanding of the type of home you can afford before you begin looking, so you don’t have any unrealistic expectations. You never know, the home in your budget may pleasantly surprise you. [...]