Most people don’t realize this—but you can buy a home while you’re still in a Chapter 13 bankruptcy. If you’ve filed Chapter 13, you only need to wait 1 year from the filing date and have 12 on‑time payments to the trustee to qualify. ⭐ Rebuild Your Credit the Right Way To prepare for approval, it’s important to rebuild your […]
You could save hundreds of dollars by refinancing without lowering your current rate. How can this be? FHA just lowered the monthly mortgage insurance premium from 85% to .55% per year if you are over 95% LTV. This is almost 1/2 of what it used to be. Example: if you have an FHA mortgage with .85% premium and you mortgage […]
You can now put down 3% when buying a home if you have at least a 620 credit score. If you are buying a home the 3% down payment can be all given to you as a gift from a family member, and if you have the seller pay your closing costs you can now buy a home with a […]
You can get a mortgage after you have done a loan modification. Loan modifications were quite popular starting in 2009 through 2013. You are not seeing nearly as many since the beginning of 2014. Depending on what you did to your loan when you modified it depends on how long you have to wait if at all, after the loan […]
Credit repair can be helpful—but only when there’s truly incorrect information on your credit report. If you hire a credit repair company to dispute all of your negative items, you may actually delay or completely prevent your ability to get a mortgage. ⚠️ How Credit Repair Companies Hurt Your Mortgage Approval Most credit repair companies dispute every derogatory tradeline, whether […]
You can buy a home with zero percent down with a 600 credit score. We will cover your down payment of 3.5%. Many people can afford a home payment but do not have the down payment saved up to buy a home. Instead of renting a property you can buy one with help from a DPA (Down Payment Assistance) program. […]
Real estate professionals know more about the houses and the surrounding area. You will save time and money when you use a real estate professional. Here are the benefits when buying a home: Has the most information in one place about what is on the market, including homes listed by other professionals. You won’t waste time looking at unsuitable homes. […]
A Chapter 7 bankruptcy doesn’t mean homeownership is out of reach. In fact, you can qualify for a mortgage just 2 years after your bankruptcy discharge. 🔧 Rebuild Your Credit the Right Way Right after filing, it’s crucial to start rebuilding your credit. Opening three secured credit cards and managing them responsibly can help you restore strong credit by the […]
It depends on if you had a job gap (time off between jobs) and how long the job gap was. You could have a job gap for many reasons, laid off, fired, maternity or left for a new job. If your job gap was over 6 months than you will have to wait until you have 6 months on your […]
Yes it is true you can buy a home 1 day after your foreclosure. Your home has to have been already foreclosed, it cannot be in the process of being foreclosed. If you have a 550 credit score and 40% down you can buy a new home. You can get either a Fixed Rate or ARM and or Interest Only. […]
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