I am not referring to the rule where you only need one year tax returns if you have been in business for five years. That still exists for both Fannie and Freddie. I am referring to the rule where you only need to be Self-Employed for one year and still get conventional financing. HERE ARE…

Research mortgage brokers by reading reviews, seeking referrals, and ensuring they are licensed in your state.Mortgage brokers assist borrowers by providing access to exclusive mortgage products and guiding them through the process.

Lock in a low-interest rate to ensure affordability and reduce financial risks in home financing. Sellers should price homes strategically, considering current interest rates to attract buyers effectively.

Pace of home construction sees big jump US housing starts rebounded in August, accelerating at their fastest clip since April and helping offset some of the slowdown seen the prior month. Government figures released Wednesday showed that the annualized rate of housing starts reached 1.36 million last month, a 9.6% increase over July and slightly…

The Florida Housing Bond Program is designed to help provide affordable housing options for low- and moderate-income individuals and families in Florida. It primarily does this by offering financing options to developers and builders who create affordable housing projects. The program may involve issuing tax-exempt bonds, which can lower borrowing costs and make it easier…

The latest inflation readings keep the Fed on track to cut rates at their meeting this week, while an important survey sheds light on expectations for home prices. Here are the headlines: ·      More Progress on Consumer Inflation ·      Annual Wholesale Inflation Falls Below Key Level ·      Housing Remains Great Opportunity for Wealth Creation ·      Continuing Jobless Claims Top…

A reverse mortgage is a type of loan available to homeowners, typically older adults, that allows them to convert part of the equity in their home into cash. Unlike a traditional mortgage where you make monthly payments to the lender, with a reverse mortgage, the lender makes payments to you. Here’s a breakdown of how…

Bad credit can make getting a mortgage difficult, but it’s not impossible with careful planning. Lenders often require higher interest rates and larger deposits for those with poor credit histories.

A DSCR loan refers to a loan where the lender evaluates the borrower’s ability to repay based on the Debt Service Coverage Ratio (DSCR). The DSCR is a financial metric used to assess a borrower’s capacity to cover debt obligations from their operating income. Here’s a breakdown of what it means and how it works:…

The housing market landscape has been challenging for buyers to navigate over the past few years. After all, a perfect storm of high mortgage rates, limited home inventory and elevated home prices has created significant barriers to entry for those looking to purchase a home. With homebuying costs elevated, many potential buyers have been temporarily priced out of the market,…