Becoming a homeowner in a foreign land is an exciting yet intricate journey. For non-U.S. citizens, securing a mortgage in the United States involves understanding and meeting specific requirements. We will explore the essential prerequisites and considerations for non-U.S. citizens aspiring to own a piece of the American dream.
If you’re planning to remodel or renovate your home in the near future – whether to provide a better living environment or as part of a house flip – you’ll need to find a way to pay for your home improvements. There are several different possible sources of renovation money, each with their own advantages and disadvantages. One option that is gaining popularity is mortgage refinancing.
So what exactly is a jumbo mortgage? How is it different from a standard mortgage, and what does that mean for your refinancing options? Here’s what you need to know.
Are you in the market for a new home? If you plan on using mortgage financing to buy your next […]
Many mortgage payments are made up of four parts, called PITI. PITI is an acronym that stands for principal, interest, […]
What are some of the reasons why it may be beneficial to make two payments a month instead of one? Here are three reasons why you should ditch the monthly fees and make payments once every two weeks.
Getting a mortgage is a significant financial decision, and it is crucial to ensure that you are financially prepared before applying for one. Conducting a quick financial health check before applying for a mortgage can help you determine your financial standing and your ability to afford a mortgage payment.
In the realm of real estate, market conditions can differ significantly due to a variety of factors. One such state is known as a sellers’ market, which typically benefits those wanting to sell their property. Let’s dive into what makes a sellers’ market advantageous for homeowners looking to offload their house and why it’s an attractive option for buyers too.
If you dream of owning a house one day, you have probably realized that one of the biggest challenges is saving money for a down payment. You have already found your dream property, but then the lender asks you to put 20 percent down, which can be tens of thousands of dollars. Fortunately, there are alternative options available, and you may be able to purchase a home for no money down.
Avoid these three mortgage-killing habits while your lender evaluates your loan and you’ll quickly find yourself holding the keys to your new home.