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It can be a major disappointment to find out that your mortgage application has been denied. You may feel frustrated or confused about why you weren't approved for financing. You might even feel like it's not worth the hassle of continuing the process. Don't give up! With the right information and some careful planning, you could increase your chances of approval. Mortgage applications can be denied for a variety of reasons. Ultimately, it comes down to the application failing to meet the ...
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As intimidating as buying a home is to a traditional employee, to those who are self-employed, it can seem unattainable. However, with the proper knowledge and by following a few extra steps, a qualified self-employed buyer can become a home owner. According to the United States Department of Labor, approximately 10,507,000 Americans are self-employed, with about 1 million more reporting self-employment as a secondary source of income. With the current economic climate, self-employment has ...
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Most consumers have heard frightening scenarios about people stuck in adjustable rate mortgages watching their interest rates climb to never ending heights. After listening to enough of these stories it’s no wonder the majority of American home buyers and homeowners flock to the security of fixed rate financing. Is this the wisest decision? Back in the subprime era there were adjustable rate products which did not have an upside. Meaning, that once the introductory rate period came to an end, ...
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