Non-Qualified Mortgage (Non-QM) is different as it can use alternate methods of income verification to help you get approved for a mortgage loan, and it doesn't necessarily have to adhere to rules set forth by other loan options.
The 'gig economy' has become exponentially more widespread. And it’s not just those who are supplementing their full-time income as Lyft drivers or doing Postmates deliveries. Self-employed people have kept the world going around for decades.
Coming up with enough for a down payment doesn't have to be a reason to delay the purchase of a home.
The biggest hurdle aspiring homebuyers face is saving enough for a down payment. It takes time and money, but at what point have you saved enough?
Despite the importance of interest rates and their direct influence on your monthly mortgage payment, rates should not necessarily be the deciding factor as to whether to buy now, later, or at all. There are bigger questions to ask.
Getting approved for a home loan is a process - in order to make it easier for you to qualify, avoid doing these five things.
Getting to know all the people who will join you for all or part of your homebuying journey is like meeting new people on the first day of school or the first day at a new job. There will be a lot to process, which alternately will prove exhilarating and overwhelming.
HOAs can be a great benefit—and selling point—in terms of reduced labor on your part and amenities, as long as you don't mind abiding by a few rules in return.
It might sound strange, but not all debt is 'bad.' Certain types of debt can actually provide opportunities to improve your financial future. Before you make any decisions, you need to understand the difference between 'good' and 'bad' debt, and how you can manage it. Check out this infographic and find out everything you need to know when it comes to all types of debt.
Recently retired, you've sold your home at the top of the market, you're flush with cash from all the home equity you've realized, and now but one question remains: Where are you going to live next?
Smart Moves Start Here.