Choosing the right home mortgage will effect your finances. You want to know what you’re up against before you can when making this important decision. You can make a better decision if you are in the know.
Avoid accepting the largest loan amount of money that is offered. Consider your life and what you are able to afford.
Your job history must be extensive to qualify for a mortgage. The majority of lenders want to see no less than two years’ worth of stable employment to grant approval. Switching jobs too often can cause you to be disqualified for a mortgage. If you’re in the process of getting approved for a home loan, make sure you do quit your job during the process.
New rules under the Home Affordable Refinance Program may allow you to apply for a new mortgage, even if it is not worth...Read More