Category Archives - Home Loan

Buying a House With an Eviction

Can You Buy a House With an Eviction?

If you have an eviction on your record, it doesn’t mean that you can’t ever own a home. There are plenty of programs available to those with less-than-perfect credit histories that can help you get into a home of your own. An eviction is a legal process of removing a tenant from a rental property….

VA Loan Low Credit Score Requirements

500 Credit Score VA Mortgage Lenders

Securing a home loan is often complicated enough without having to worry about your credit score being too low to qualify. If you’re a veteran looking for a VA home loan and have a 500 credit score, you might be feeling overwhelmed by the process. Thankfully, there are lenders available that specialize in working with…

Cash-Out refinance With Late Payments

Cash-Out refinance With Late Payments

Cash-out refinance is a popular mortgage program that allows homeowners to access the equity in their homes in order to use the funds for various expenses such as home improvements, debt consolidation, or college tuition. However, there may be situations where a cash-out refinance may not be the best option, or where a homeowner may…

FHFA Increase Conforming Loan Limits in California for 2023

FHFA Increase Conforming Loan Limits in California for 2023

In this blog, we will cover and discuss FHFA increase conforming loan limits in California on both median-priced areas and high-cost areas. The FHFA also increased high-balance conforming loan limits in California for 2022 to $970,800 in high-cost areas.  Conventional Loans are the most popular loan program in the United States. Housing prices have been…

Credit Disputes During The Mortgage Process

Credit Disputes During The Mortgage Process

In this blog, we will discuss and cover the negative impact of credit disputes during the mortgage process and how they can impact the loan process. Credit repair is the process of removing your derogatory credit information from your credit report through credit disputes. Nothing is wrong with disputing credit tradelines if you have documentation…

Ways Of Paying Off Your Mortgage Loan Early

Ways Of Paying Off Your Mortgage Loan Early

In this blog, we will discuss ways of paying off your mortgage early. Most mortgage borrowers have 30 year fixed rate mortgage loans. 30 years is a lot of time to be stuck with a payment obligation and a lot of interest expense that mortgage borrowers will end up paying. Mortgage interest expenses will be…

Why Is It Harder For Millennials To Buy Houses?

Why Is It Harder For Millennials To Buy Houses?

Today’s real estate market supposedly belongs to the sellers, with demand outranking supply. Yet that could change in the next few years if more millennials don’t start buying houses. What’s holding them back? As with many things, the issue comes down to money. Values skyrocket in a seller’s market, which poses a problem for millennials…

FHA Requirements on Employment and Income

FHA Requirements on Employment and Income

It’s not always necessary to work for two years In order To purchase a house. A history of employment demonstrates that you have a consistent income and the ability to make regular loan payments. Not everyone, however, has a long professional history. You could be a first-time home buyer starting your career. Perhaps you were…

chicago home loan with bad credit

Buying a House in Chicago With Bad Credit

Here are some facts about getting financing for a single-home family in Chicago for people who have bad credit meaning they have a 580 or lower credit score. We will go through all options and facts that are available nowadays in 2023. If you’re among the many Americans with bad credit, you may think that…