There are new federal housing guidelines to help prior homeowners with a short sale, foreclosure or bankruptcy on their record to re-enter the housing market. The old guidelines made a new home buyer wait a minimum of three years before buying a new home. Now, with credit … [Read more...] about A Foreclosure, Short Sale or Bankruptcy in your Past May No Longer Slow up your New Home Purchase
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How Will the Government Shutdown Affect Mortgages?
What does the government shutdown mean to you if you are applying for a home loan? For now, essentially nothing! If you're thinking of applying for an FHA loan, you can still move forward as planned. Several media outlets mistakenly reported that there would be a shutdown of … [Read more...] about How Will the Government Shutdown Affect Mortgages?
If You Are Self-Employed Do You Stand a Chance of Getting a Mortgage?
The guidelines for obtaining a mortgage these days favor those who get a regular paycheck. Even if you have almost no money for a down payment, the lenders are happy to lend, if you are what they consider "employed". Doesn't matter that you may be laid off and not be able to find … [Read more...] about If You Are Self-Employed Do You Stand a Chance of Getting a Mortgage?
