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Quick Stat
Existing-home sales are the highest they’ve been in 2014, having risen continuously over the past four months. Source: Realtor.org
Tips for Understanding and Maintaining Your Credit Score
The better your credit score, the better chance you have at qualifying for a mortgage and getting the lowest interest rate possible. Thus you should continually check your credit report and address any issues immediately. Credit reports and credit scores A credit report is a record of your financial history, including credit card balances, auto […]
Can You Apply for a Mortgage Without a W2?
Yes, even if you don’t have a W2 to showcase your income, you can still apply for a mortgage. In today’s mortgage marketplace, the key underwriting focus is on the borrower’s “ability to pay.” In other words, lending firms are looking for verifiable proof that a borrower has the necessary funds (i.e. income, assets, etc.) […]
The Benefits of Built-In Storage — Now and at “For Sale” Time
As your household stuff accumulates, the amount of available space to put it shrinks. To solve the space problem, you can add well-planned, built-in storage. Well-designed storage improvements can eliminate clutter, streamline a home’s appearance — and they can also add to your home’s resale value. Built-in storage and fitted furniture can be made to […]
Burned by a Bad Refi? Reliance Can Help.
“My mortgage analyst made such a difference. He turned around a bad situation for me. It was nice to finally get to work with someone honest who knew what he was doing!” Providing for her parents Karen Clark is not new to home financing. “This is probably my tenth house,” she noted, “so I had […]
Quick Stat
According to a home improvement survey by Realtor.com, 67% of consumers plan on renovating their home within the next six months. Source: LinkedIn
The No. 1 Thing to Do Before You Refinance
Everyone wants to save money and get a great deal on his or her home, but refinancing is about more than that — it’s about getting the right loan for your situation. But what is your situation? It may have changed since you first bought your home. Have interest rates fallen? Has your credit score […]
What is a HUD-1 Document?
The HUD-1 is an important form to review and understand before you complete your refinance or home purchase. The HUD-1 is a standard form used to itemize services and fees charged to the borrower by the lender (or broker) when applying for a loan. HUD refers to the Department of Housing and Urban Development. The […]
Don’t Let Little Leaks Become Big Problems
Do you have a leaky faucet or a drippy roof? Does your toilet run, or do you turn on the hot water only to get a cold shower? Little leaks can cause more than just frustration; left unattended, they can add up on your utility bill and ultimately turn into a costly repair. Research shows […]
Drowning in Debt? A ReFi Can Help
When a homeowner’s overall debt grows to an unmanageable level, refinancing their mortgage can be one way to address the issue. But there can be a sticking point: a low credit rating and a high loan-to-value ratio. That’s what Erlinda Kearns learned when she contacted several mortgage companies. She was discouraged until Christopher Decker, a […]