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Posts from the ‘PURCHASING’ Category

3
Jan

Choosing the Right Lender | Local vs. National | Rebekah Radice

 

This is a great Article to read if you are thinking about using a local lender or someone out-of-state..

GREAT JOB REBEKAH!!!

 

 

 

 

“Sitting across from your lender while they explain the loan process is very different than trying to track someone down that’s across the country. How uneasy does it make you feel when you call to ask a question only to find out that the person you’re talking to isn’t even qualified in your state to answer that question?”

via Choosing the Right Lender | Local vs. National | Rebekah Radice.

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20
Dec

Can I Qualify for a Mortgage After CoSigning?

Question:

I co-signed on a mortgage for my son about 3 years ago and now I would like to purchase a home of my own. My concern is whether or not I will need to qualify with both my son’s mortgage and the new mortgage. I have prequalified with an FHA loan but worry that If I have to qualify based on two mortgages I will not be approved. Can you clarify what the guidelines are in this situation?

Answer:

There is good news in this scenario dependent on how your son’s mortgage is being paid. Per FHA guidelines, as long as your son can prove he has been making those payments for the past 12 months, it does not need to be included in your debt as long as a few conditions are met.

READ MORE FROM REBEKAH RADICE BELOW ON THIS:

via Can I Qualify for a Mortgage After CoSigning | Rebekah Radice.

28
Nov

Own vs. Rent: A Growing Reason to Buy

Home prices and mortgage rates have fallen so far that the monthly cost of owning a home is more affordable than at any point in the past 15 years and is less expensive than renting in a growing number of cities.

via Own vs. Rent: A Growing Reason to Buy – WSJ.com.

7
Jul

Mortgage Tip – Earnest Money

Here is a quick tip on how you can use Earnest Money to help you get the home you want.

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