Tag: home mortgage

4 Reasons A Mortgage Isn’t As Scary As It Sounds

Even once you are well into the home buying game, the word mortgage can be a frightening one. You wonder what it really holds for you and your home buying experience. But it is not nearly as frightening as it sounds. A mortgage is actually a great opportunity for you to get into the house of your dreams. And if you think that a mortgage is impossible for you because of financial barriers, think again! You have options.

1) No More 20% Down On A Mortgage

There is no need to fear that large amount that 20% down would be. There are mortgage programs that have as little as 3-4% down with a credit score of 580! It is easy to back off from the idea entirely when you see 20% but don’t stop exploring your options!Visa-Mastercard mortgage

2) You Don’t Need A Perfect Record

While we’re on the subject of credit, you’d be happy to know that mark on you credit report doesn’t necessarily kill your chances of getting a home loan. A foreclosure or bankruptcy can stay on your credit report for up to seven to 10 years, and it’ll take time to rebuild your credit score after a major ding. However, you don’t have to wait until a negative item falls off your credit report to qualify for a mortgage. It is possible to qualify for a mortgage three years after a foreclosure, and two to four years after a bankruptcy. Even if you’re in the process of rebuilding your credit score, the lender will qualify you based on your credit activity over the past 12 months.

3) You Can Get Help With Closing Costs

Mortgage lenders offer a variety of programs to help buyers qualify for a home loan. Some borrowers worry about the upfront costs of getting a mortgage, and many assume they don’t have enough in reserves to purchase a property. But while getting a mortgage involves down payments and closing costs, assistance is available to help you realize your goal of ownership.

4) There Are Programs To Helphqdefault mortgage

Keep your options open by working with a program to find the best choice for your specific situation. Where are you getting all of your mortgage information resources? There are wonderful sites to help you navigate the mortgage market for you and help you get into your new home!

 

The post 4 Reasons A Mortgage Isn’t As Scary As It Sounds appeared first on The Complete Real Estate Site.

Why Grand Rapids Sees Beneficial Credit Repair Services

We’ll be ridiculously honest that even in our great city on the river, many residents here suffer from serious credit repair problems. Scammers are out there (so says Sherlock Holmes, right?). Sometimes the cost is too much just to get that credit score up. What can a Grand Rapids resident do to solve the problem, so he or she can get into a home with zero money down and a decent mortgage payment? Well, the BBB A-rated H.O.P.E. Program has the answer, having worked with the likes of Lexington Law for so long!

Enter Independent Credit Solutions: A New Service for Credit Repaircredit repair open door

It was recently announced in a press release that this new service was recently launched, throwing in their hat in the credit repair market: Independent Credit Solutions, their own brand of credit repair, and wow it’s making waves all over social media, through the HOPE Program’s own blog even, and through sites like OWNWITHHOPE and the Complete Real Estate Site. The word is spreading. And hopefully Grand Rapids, Michigan, will hear it loud and clear.

The fact is this: credit repair’s essential to the prospective homeowner. Even if you’re renting, or considering a rent-to-own, you’re going to want to enroll in that DIY credit repair — because the better your credit score, the faster you get into that ideal dream home.

The Answer Is Obvious: Enroll in ICS Right Now

You can fill out your information, in fact, right here with Independent Credit Solutions — the unique service empowering all prospective homeowners with the resources necessary to improve their credit. Credit repair’s only an open door away. You don’t even have to open any doors at all. ICS has all the doors open for you thanks to their new division of credit repair. Get started right now and don’t hesitate.

The post Why Grand Rapids Sees Beneficial Credit Repair Services appeared first on Grand Rapids Property Values.

The ONLY Way to Qualify for a Home Mortgage With Bad Credit

Contrary to what many may think, it just so happens that there are some home mortgage programs out there that’ll except a bad credit stain or two. If you haven’t signed up with Independent Credit Solutions or Lexington Law, you might still have a chance in getting a home loan approval provided you know what your options are. The keyword is here is might.

Enter: the USDA Home Mortgage Loan. THE Way to Qualify for a Home Mortgage With Bad Credithome mortgage with bad credit

Sure, the FHA mortgage has been known to let some borrowers go with less than stellar credit, and even the VA mortgage program can be a little lenient at times, albeit a bit stricter. Without a doubt, you don’t stand a chance facing the more traditional and conventional jumbo mortgage loans out there who will only accept the most pristine of credit scores known to man, which is why you should work on getting your credit repaired.

But have you ever heard of the USDA mortgage? No, it has nothing to do with beef. Grade A. The only Grade “A” we’d be talking about in this case is the fact that you have a grade “A” chance of getting approval, what with the alternative ways to get it through other sources of credit applied.

  • Utility Bills
  • Car Insurance Payments
  • Savings Account

That just names a few of what the USDA mortgage plan can take into account when qualifying you for a home mortgage with bad credit. You might even have it worse: no credit at all, but if you just have a car, some savings in a bank account, and have paid the bills to keep the lights on, guess what —

The USDA Home Mortgage Loan Might Be the Chance You Need to Get Into That Home

With all the mortgage trends happening across the country and the rising home prices, it’s pretty clear: you need to take advantage of every option you have. Have bad credit? The USDA home mortgage plan might be your best best. Find out more information about the USDA home mortgage right here.

 

3 Things About the Fed Interest Rate Hike You Need to Know

First off, it’s quite astonishing on this news alert that we should be aware of, given the fact that the Federal Reserve hasn’t upped the interest rate in nine straight years…. Until now. And to make it even more interesting, the Federal Reserve plans on increasing that rate four more times in the future. What does that mean?

We’ll Tell You What the Fed Interest Rate Hike Means to You: 3 Things

Understand that the fed interest rate hike will be no more than .25%. That’s minuscule. But when you add it all together, you just might see a slight difference in three things you covet and value the most. Here they are:fed interest rate hike-1

The Good News Is….

The economy’s obviously doing well (despite Donald Trump, perhaps). Petrol’s looking good (no one’s hurting in the pockets while filling up at the gas station), and the job market apparently is somewhat improving. Of course, the real estate market as a whole is looking so good that the Chinese are investing in drovesEveryone wants to be in the United States, apparently (especially ISIS).

But know this — better be prepared. Because if you’re not, surprises might show up at your door. Change always comes unexpected.