If you’re self-employed, getting approved for a mortgage is more complicated than getting approved with a traditional job paying W-2 income. There are usually few key differences that self-employed applicants should prepare for in advance to make the process smoother. Read More
So who qualifies for a VA home loan? Odds are you do if you’re a military veteran or spouse with reliable income and decent credit. VA loan requirements have four general areas used to determine applicant eligibility: Read More
The average mortgage payment is often one of your biggest expenses, consuming more than 30% of your monthly household income depending on your debt to income ratio. Read More
Mortgage applications fell 7.2 percent last week to reach their lowest level in over 14 years, according to the Mortgage Bankers Association. Figures this low in September likely indicate it’s going to be a long, cold, rough winter for housing. Read More
Since the housing crisis of 2008, the phrase “subprime loan” has become the moral equivalent of a four-letter word, an indication of all that goes wrong when risky, irresponsible home loans for bad credit become commonplace. Read More
