Month: July 18, 2012

Mortgage Loans Coral Springs, FL: Looking to refinance? Here some mortgage knowledge to consider.

Housing problems happen everywhere, especially Florida. Foreclosures can be found all over Florida due to home owners being unable to make payments that were done with high interest rates. When homeowners approach this threshold they typically seek a plan of refinancing prior to tossing the towel in on their home. When the owner cannot work out a refinancing strategy with their current lender they may contact a mortgage company. These companies are experienced and knowledgeable on a variety of home loan providers and are able to tap into them as options if a homeowner’s situation needs it. Factors like the current real estate market status and trends all play into the available options out there. When the topic of refinancing is brought up, a home owner must be wise and…

Coral Springs, FL, Home Loans: A Basic Guide to Qualifying for an FHA Mortgage Loan.

Understanding the steps you need to take prior to applying, the process of completing the application, the documents needed and how closing on the home works are all important knowledge to know when landing your first FHA Mortgage Loan. One the primary aspects to look into is your debt-to-income ratio. In depth analysis is required on this step because lenders can vary greatly on how they respond to an applicant’s debt-to-income ratio.  Typically a debt amount above forty five percent would be considered high risk on an FHA Mortgage Loan. Additional to this a loaner would usually like to see 2 years of steady employment without fluctuations or drops in income. Next is the usual credit check. Credit checks more times than not can make or break an applicant’s success.…

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