How Much Does it Cost to Close on a Home?
When you purchase a home, the down payment is not the only money you’ll need to save or payment you’ll need to make. You’ll also have to worry about closing costs, which are typically not covered by your mortgage loan. Let’s discuss closing costs so you can prepare for them. What are closing costs? Buying […]
Self-Employed Income Calculation Guide to Master Mortgage Eligibility
Getting a mortgage can be challenging for self-employed individuals. When you work for yourself, it might be more difficult to prove your income than it is for ordinary workers, who often have simple pay stubs. Self-employed income poses a special difficulty for Florida mortgage lenders because of its fluctuation and unpredictability. It’s important to appropriately […]
How to Save For a Down Payment
Saving thousands of dollars for a down payment on a house is one of the most daunting steps in the homeownership journey. It can even feel impossible. Yet, if you can manage to do it, you’ll be in a much stronger and more competitive position than buyers who must rely on down payment assistance programs […]
Good Credit Score: Your Ticket to Better Financial Opportunities
Household debt is at an all-time high, so it’s no surprise that many inquiries about mortgage loans revolve around the minimum credit score one requires to take advantage of any given program. Yet the importance of having a good credit score while shopping for a house stretches beyond whether you can get approved for the […]
