19 Aug 2020
By 24hr Mortgage

Applying for a Mortgage? Three Questions Your Lender Will Ask You – and How to Prepare Your Answers

Home Mortgage Tips, ,
Before approving a mortgage, your lender is going to have to do his due diligence to ensure that you can afford a loan large enough to pay for a house. That means your lender will be asking you several questions about whether or not you can afford a mortgage. Here's how you can prepare to answer these questions in a way that will increase your likelihood of approval. How Stable Is Your Income? Your lender is going to want to know that your income is going to be stable over the life of the loan. This means that you should…
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13 Aug 2020
By 24hr Mortgage

Thinking About Buying An Investment Property? 6 Tips To Ensure You Don’t Get Fleeced

Home Mortgage Tips, ,
Purchasing an investment property is one of the most important decisions that you'll ever be a part of. As such, it's a necessity to make your decisions with only the most careful of consideration. Here are the six tips that you need to heed in order to ensure that you don't get fleeced. Find The Right Property At The Right Price Yes, this is a whole lot easier said than done. However, it's not impossible. All it takes is some patience and research. You have to determine what everything in your area is selling for in order to be able…
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30 Jun 2020
By 24hr Mortgage

A Breakdown – The Difference Between FHA, VA and USDA Mortgages

Home Mortgage Tips, ,
Are you thinking about using mortgage financing to buy a new home? If so, you've likely heard about mortgage insurance policies requirements and you may be wondering how they will affect you. In today's blog post we'll explore mortgage insurance and explain the difference between conventional, FHA, VA and USDA mortgage insurance policies. How Does Private Mortgage Insurance or "PMI" Work? While there are a number of reasons that your lender may require mortgage insurance, in general you'll be required to purchase a conventional PMI policy if you are putting less than 20 percent of the home's value in as…
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