Mortgage Info

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The Mortgage Process

One of the first steps in the home buying process is to get pre-approved. Whether you allreay own a home, or are a first time buyer, you will need to talk to a reputable mortgage lender as soon as possible before you even start to look at any homes. You may have a general idea [...]

24Nov2011 | admin | 0 comments | Continued
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Mortgage Loan Qualification Guide for Self Employed Applicants

Self employed applicants for a home mortgage loan are income qualified based on the business net profit from the income tax returns.  New rules and laws require lenders to verify a borrower’s ability to repay the loan by this method.    Sometimes self employed mortgage loan applicants are penalized under mortgage loan underwriting rules.  Preparation is important because [...]

22Nov2011 | dominion | 2 comments | Continued
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Lehigh Valley Mortgage Loans

If your are looking for a mortgage in the Lehigh Valley, we wanted to let you know about http://lehighvalleymortgageloans.com/. This is a great new site, specifically set up for Lehigh Valley home buyers looking to get pre-qualified for a low interest mortgage. http://lehighvalleymortgageloans.com/ is a direct lender, dealing in FHA, USDA, VA, Conventional, and self-employed [...]

19Nov2011 | GoValley | 0 comments | Continued
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Down Payment – How Much Do I Need to Buy a Home?

The answer depends upon the mortgage program and a buyer’s specific qualifications.  Both Veteran’s Administration (VA) and USDA Guaranteed Rural Housing still allow zero down payment home loans.  You read that right, zero down payment and from a program insured by the Federal Government.  FHA loans remain at a minimum 3% down payment and some [...]

19Nov2011 | dominion | 0 comments | Continued