Author: admin
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Mortgage Qualifying Debt To Income Ratio Explained
Have you talked to a real estate agent or loan originator lately and were left confused about all of the questions about your income and credit. One of the main factors that underwriters use to determine your ability to repay and qualify for all types of home loans in your debt ratio. This is your…
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Fannie Mae HomePath Home Purchase Program Discontinued
Important update: Effective October 7, 2014 Fannie Mae has discontinued the the HomePath Mortgage (HPM) and HomePath Renovation Mortgage (HPRM) products. You can use FHA 203b (Standard 3.5% Down FHA program) or FHA 203k ( FHA Repair / Renovation Loan) as well as HomeStyle Renovation home improvement loan or any other home loan available to purchase…
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What is the difference between a home equity loan and a home equity line of credit?
A common question we get from blog readers: What is the difference between a HELOC and equity loan? Both are loans secured by a mortgage against your home. This lien can be in 1st or 2nd position. The main difference is a home equity line of credit is like a credit card,(the bank issues a card…
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Commercial Equity Real Estate Loans
We’re being really aggressive with low rates 7.9% and 30 year fixed terms on permanent commercial mortgage loans for seasoned business property owners and investors. C & C Financial Services Inc is seeking long term loans from 3 million to 30 million dollars in the USA for this niche equity program. We can get an…
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How To Get Pre-Approved?
Getting pre-approved for a home loan is especially important if your are considering a home purchase. You’ll need a pre-approval letter before you can look at homes with a real estate agent in most cases. Sellers will also require a letter to be submitted with a purchase contract (offer). What paperwork will I need to get…