Just a week ago, the Federal Housing Administration (FHA) announced that it would waive 3-year foreclosure and 2-year bankruptcy waiting periods for homebuyers whose credit histories were damaged by the recession. Although this is great news for many families, the Back to Work – Extenuating Circumstances program does require that applicants follow specific instructions. Not everyone …
Change in FHA Foreclosure Waiting Period
Listen up, homebuyers! As of August 15, the Federal Housing Administration (FHA) has waived its 3-year foreclosure and 2-year bankruptcy waiting periods. This is great news for hopeful homebuyers who were previously prevented from buying a new home by the FHA foreclosure waiting period. Before this week, a variety of problems could have prevented you from …
Should I Rent or Buy a Home?
To rent or to buy: that is the question. The answer, unfortunately, isn’t so short or simple. When you’re trying to decide when to make the leap from renting to buying, there are many different factors to take into consideration. Are you ready for the responsibility? Can you afford mortgage payments? Can you commit to …
Home Loans for Self Employed Borrowers
Self employment can be liberating or terrifying, depending on the day. The joys of being your own boss and pursuing your dream come along with the struggle to maintain a stable income and the risk of failure. Plus, without the fixed salary that comes along with traditional employment, it can be difficult for self employed homebuyers to …
Renovation Loan Options
It’s that constant game of tug-of-war: your imagination runs wild and your bank account reins it back in. For homeowners dreaming of their perfect house, this can be a source of great frustration. Many homeowners push aside thoughts of major home repairs or fun projects because they don’t have enough money saved up, but renovation loans can …
