Six must-haves for mortgage approval

Interest rates are hovering around historical lows, and low interest rates increase affordability, making it easier for buyers to qualify. Yet stories of buyers waiting months to gain loan approval and home purchase transactions not closing on time due to lender’s strict underwriting are all too common. Some buyers are turned down for illogical reasons. …

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Why you can’t get the lowest mortgage rates

Five reasons near-record low rates are out of reach for some CHICAGO (MarketWatch) — Mortgage rates are near historical lows, but the rates lenders are quoting you aren’t as eye-popping as those you see in the news. When your vacation home becomes everybody’s home Buying a retirement or second home might sound like a great …

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First-time Homebuyer Happiness

The first step in the home-buying process is to find out what you can afford to pay for a house, condo or co-op. This will depend on the amount of cash you have available for a down payment, your credit, income, assets, and overall financial situation. Mortgage qualification is easier for buyers who work as …

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5 Steps to First-Time-Buyer Happiness

The first step in the home-buying process is to find out what you can afford to pay for a house, condo or co-op. This will depend on the amount of cash you have available for a down payment, your credit, income, assets, and overall financial situation. Mortgage qualification is easier for buyers who work as …

Continue reading ‘5 Steps to First-Time-Buyer Happiness’ »