FHA Loan Changes for Non-Permanent Residents
If you’re a non-permanent resident dreaming of owning a home, or if you’re considering refinancing your current FHA loan, big changes are coming your way. As of May 25th, the Federal Housing Administration (FHA) will stop insuring loans for non-permanent residents. This shift, aligned with prior Trump-era immigration policies, could drastically alter your home financing […]
The Complete Home-Buying Process: A Step-by-Step Guide
The home buying process brings with it one of the biggest financial decisions you’ll ever make. It can be an exciting journey, but also one filled with uncertainty and anxiety if you’re not prepared. Understanding the process can help reduce stress and ensure that you make the best choices for your future. In this guide, […]
Home Title Theft: What It Is and How to Protect Yourself
Home title theft is a rare but serious crime that is gaining more attention. While you shouldn’t be overly worried, being aware of how it happens and how to protect yourself is essential. Scammers are finding new ways to steal property ownership, which can lead to financial and legal headaches. Let’s break down what home […]
Understanding DSCR: A Guide to Debt-Service Coverage Ratio Calculation
Are you a real estate investor looking to secure financing without the hassle of traditional income verification? 🏡 DSCR loans might be the perfect solution! These loans focus on a property’s income potential rather than personal earnings, making it easier for investors to qualify and grow their portfolios. This guide will walk you through the […]
Why Lock Your Loan? Risks & Benefits of Locking Your Mortgage Rate Explained
Should I lock it or not? Many homebuyers are stuck in “analysis paralysis,” debating whether to lock their rate or wait for potential improvements. However, delaying your rate lock can cost you thousands of dollars. In this guide, we’ll break down:✅ Why locking your rate is crucial✅ The risks of waiting✅ How lenders price mortgage […]
Buy vs. Wait? This One Will Cost You More in the Long Run!
Buy vs. Wait? When considering buying a home, the timing often feels tied to interest rates. Many potential buyers take a step back from the market, hoping to wait out high rates. The idea is simple: wait for rates to drop, and the home purchase will become more affordable. While this sounds logical, the reality […]