In the post-COVID world, it’s quite common to live in a different city or state than where your employer is located. Still, your mortgage lender may ask for a letter of explanation of remote work, which will act as verification that the employer is aware and has approved your remote status. The letter typically can’t …
Mortgage Letter of Explanation for Remote Work: Word, PDF, Google Doc Templates Read More »
I purchased a home in June 2006, not only at the top of the real estate market, but also right before a recession. And I don’t regret it. Buying a house before a recession can be a very good idea. Here’s what I learned from my experience that you can apply to your situation if …
I Bought A House Before A Recession. Here’s What I Learned Read More »
Mortgage rates are on a tear in 2022. So far this year, rates have skyrocketed from 3.29% in January to an eye-popping 6.62% in September, says Mortgage News Daily’s rate index. Soon, we could see 7% rates. As a homebuyer, how do you deal with rates this high? Well, this is the environment in which …
How to deal with 7% mortgage rates as a homebuyer Read More »
USDA loans offer a unique benefit: in some situations, you can roll your closing costs into your loan. Add that to the program’s zero down payment requirement, below market rates, and lenient credit score standards, and there’s hardly a better program out there. After helping dozens of people become homeowners using a USDA mortgage, here’s …
I’m going to give you advice that you don’t want to hear. If you’ve already decided that you want to buy a car before buying a house, then don’t read this article. When I was a loan officer, I worked with many first-time buyers. One of the biggest challenges for many of them was qualifying …
Buying a Car Before Buying A House Is Super Destructive To Your Homebuying Goals Read More »
A salary of $50,000 per year might not sound like much, but you’d be surprised how much house you can afford with that income. That’s about how much my wife and I made combined when I bought my first house at age 26. That home was $250,000. Granted, I had decent credit and very low …
When I bought my first rental property (the one pictured above), my brother and I saved nearly $20,000 by conducting the sale ourselves. Here’s how you can do it, too. How we saved nearly $20,000 When my brother was planning on selling his home, I offered to purchase it as an investment property. His agent …
How We Saved $19,140 When Buying a House From A Family Member Read More »
