What Does It Mean To Cosign On A Mortgage?
Have you been asked to cosign by someone looking to get a home loan approval? You may be wondering why they would ask or how this affects you. This article will help you to understand both of these points.
Why Were You Asked To Cosign?
These are the top reasons that home loan...
How Much Down Payment Do You Need To Buy A Home?
If you're considering buying a home, you might wonder how much is required as a down payment. Here is a quick run-down of the requirements of the down payment per loan type.
Do You Need To Put 20% Down On A House?
You'll often hear the down payment expressed as a percentage. For example, a 20%...
Thinking About Refinancing Your Investment Property? Read This
If you own an investment property, you already know that getting a mortgage for this type of property is different than a refi of a primary home. If you recall, the qualifying requirements for getting an investment load are more stringent than a primary home loan.
Let's take a look at...
Big News on the Refinance Front
The government removed the ½ point charge on FNMA and FHLMC refinances imposed during COVID, making refinancing more attractive for many, including those who need cash out or who can refinance to eliminate PMI with the recent appreciation in home values.
The key is to...
Big News on Jumbo Financing
Big news was announced in the mortgage industry last week that is enabling more buyers to jump into the housing market.
The Consumer Finance Protection Bureau removed the qualified mortgage debt-to-income cap of 43% on Jumbo Loans. This is a long-overdue change and GREAT...