Blog – Page 680 of 806

10 Feb 2015

Freelancing in 2015? Three Tips for How to Secure a Mortgage if You’re a Self-Employed Entrepreneur

Home Mortgage Tips

If you are self-employed, either as a freelancer or as the owner of your own business, your income can fluctuate greatly from year to year. That can make it difficult to get approved for a mortgage, although there are some things you can do to improve your chances. Here are three tips for securing a mortgage if you are self-employed. Make Sure Your Credit Score Is In Good Shape While your ability to pay back a mortgage is the most important factor in approval, your credit score is a close second, and that goes for every borrower, not just those…

09 Feb 2015

By Mark Feder

What’s Ahead For Mortgage Rates This Week – February 9, 2015

Market Outlook

Last week's economic news included construction spending, which fell shy of expectations but exceeded the prior month's spending, and several consumer and labor-related reports. The details: Mortgages More Accessible: Fed Survey A Federal Reserve survey of senior loan officers at 73 U.S. banks and 23 branches of foreign banks indicated that mortgages may be more accessible. While banks eased credit standards for mortgages eligible for purchase by Fannie Mae and Freddie Mac, consumer demand for mortgages fell over the last three months. This seems puzzling given lower mortgage rates, but mortgage lending rules remain tough for borrowers with less than…

06 Feb 2015

By Mark Feder

Are You Ready to Make the Leap into Home Ownership? Here’s How You Can Tell

Home Buyer Tips

Are you ready to make that leap from living at home or renting to owning a home of your own? While everyone moves at their own pace, here are some signs that you can use to determine if it is time to own your own home. Let's take a look at some of the reasons you can use to justify your decision. Are You Sticking Around? If you plan on moving soon for a job or think that you won't be in town much longer, it may be better to rent. However, if you are thinking about living in the…

05 Feb 2015

By Mark Feder

Buying a New Home? Follow These Three Tips to Ensure a Stress-Free Transaction

Home Buyer Tips

Buying real estate and or taking out a home loan is a significant milestone in life. Frequently, it means that a new phase is starting, whether it's a new job, a new relationship, or moving to a new area. However, when the most basic steps are missed, this transition can be fraught with stress and disaster. To ensure a smooth transaction, home buyers should be sure to mind the following tips. #1: Always Be Honest Honesty and clear communication need to be a two-way street. Home buyers expect their mortgage professional to be honest with them, and likewise it is…