There are many benefits that come with homeownership. However, before you can begin to enjoy these benefits, you will first need to overcome the hurdle of qualifying for a first-time home buyer mortgage loan. Thankfully, the three tips below can help you to overcome this hurdle and realize your dream of owning your own home.
Tip #1: Deposit Any Cash Savings You Have
Lenders want to know that you are financially stable before approving your application for a mortgage loan.…
There are plenty of good reasons to rely on a rehab loan to finance your home renovation project. The following are six of the best reasons to take out a rehab loan.
A rehab loan can allow you to make an investment that increases your home’s value
As a homeowner, it’s always a great idea to take advantage of opportunities to improve your home and increase its value. A rehab loan is a great opportunity to make improvements to your home that make your home more appealing to potential buyers so that you get higher offers when it comes time to sell.…
It’s not a secret that the interest rate on a mortgage highly affects the repayment amount and monthly payment amount. So, many people work hard to acquire the lowest interest rate possible when getting a mortgage loan. But how do you do this? How can you get the lowest rate when shopping for a home loan? Here are some tips to help you achieve getting a lower interest rate.
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