• Not everyone who is in the market for a home has a savings account that's bursting at the seams. Whether you're young or just financially strapped, these agencies offer good alternatives to…   Read the Article

  • Make sure you get a pre-approval for a mortgage, not a pre-qualification. A pre-qualification is where you give a mortgage broker a hypothetical set of credit scores, income, etc., and they give you…   Read the Article

  • Mortgage brokers work on commission, which are paid by you, by the lender, or by both you and the lender. If you work with a mortgage broker, the industry norm is for them to charge you an…   Read the Article

  • Let the mortgage professional know what sorts of programs you are interested in or leaning towards. They'll ask you to complete the 1003 form and will almost universally ask you to give them the…   Read the Article

  • When you're buying a home, Plan A is always to buy the home on the terms in the original contract. Plan B is to buy the home after renegotiating some of the terms. Plan C is the contingency…   Read the Article

  • Most mortgage brokers work under the auspices of a brokerage company, with which they share their commissions in exchange for access to lenders, office space, etc. If your mortgage broker works for…   Read the Article

  • The goal of your mini-makeover is just to spend a month or so making sure that your personal stats paint as pretty a picture of your financial resources -- FICO scores, debt-to-income (DTI) ratios,…   Read the Article

  • You can deal with a mortgage broker, or you can deal with the lender directly. A mortgage broker is the liaison between you and the lender. Because they deal on the wholesale level, brokers can…   Read the Article

  • You’ve been pre-approved. With your monthly expense chart in hand, decide whether you want a mortgage with a fixed rate, an adjustable rate, or a hybrid. A fixed rate mortgage is a no-brainer -- the…   Read the Article

  • A few years ago I had become a flipper by accident, because a few life changes forced me to sell three houses in five years. My partner and I had an inkling that a move might be in our near future…   Read the Article