2021

Want to Get Approved for a Mortgage? 4 Things You Can Do to Prepare

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If you want to purchase a home, you are going to need to secure a mortgage. To secure a mortgage, there are steps you can take before you even apply for the pre-approval process to set you up for success. 1. Save Up for a Big Down Payment You are going to want to save up for a sizeable down payment. There are indeed lots of programs that allow you to place a smaller down payment.

25 May 2021

A Guide On VA Mortgage Loans

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Military borrowers have unique access to real estate financing through VA mortgage loans. According to the U.S.Department of Veterans Affairs (VA), the VA loan facility is designed to assist active service members, veterans, and their surviving spouses in owning a home. Understanding how VA loans work can help qualifying borrowers access mortgage services. Below are key facts about VA loans. What Is a VA Mortgage Loan? A VA mortgage loan is a $0-down financing option offered by private lenders with the Department of Veterans Affairs guarantee.

22 April 2021

5 Things You Must Have To Get A Home Loan

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A lender starts by looking at your job and other income sources when assessing your ability to pay a home loan. For this reason, they will ask for your payslip, an employer's confirmation letter, and bank statements. Moreover, the lender might want your identification details and property information. Keep reading and learn more about the requirements of a home loan.  1. Income from Shares, Government Projects, and Rentals  Banks and other lenders verify your income sources to assess your ability to repay the home loan they want to advance.

18 March 2021

4 Reasons To Shop Around For A Mortgage

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If you plan to own a home, you'll likely need to get a mortgage. Most people choose to get a mortgage as a way to affordably finance their home purchase. As you begin to dream ahead about the home that you buy, you'll want to make sure that you're ready for the mortgage lending process. Instead of just choosing one mortgage lender to work with, it's a smart idea to shop around for a mortgage and talk with multiple lenders so that you know you're getting the best possible rate.

22 January 2021