Even though the current real estate market is less than excellent, it is still possible to obtain a mortgage loan with bad credit. However, in order to accomplish this goal, the borrower must be prepared for the special circumstances. This is no small loan – you will be repaying it for 30 years – so
by Robbie Conley It is important to accept that taking on the responsibility to repay a mortgage is a huge deal. When it comes to seeking a mortgage loan for bad credit, borrowers first and foremost must ensure that lenders understand that they can trust them. They will get their money back, and without a hitch. To do
by Robbie Conley Most of us, have experienced, a variety of economies, from inflationary, to close – to, approaching something, which resembles a recession. Since, we can’t predict the future (at least, not accurately), doesn’t it make sense, to be, as – informed, as possible, in order to proceed, as logically, as possible? How these economic conditions, might,
by Robbie Conley All over the world people buy homes or invest in real estate by taking mortgage loans. Banks, financial institutions, insurance companies, credit unions, and mortgage bankers offer individuals a large number of options for home loans. In each case, the term of the loan, the interest rate, and so on fluctuate based on changing financial
by Robbie Conley The common terms used to describe a mortgage involve the “creditor,” the “debtor,” and “mortgage broker.” It may be self-explanatory as to what those terms mean, but there are other terms involved with a mortgage as well that a homeowner may not be completely familiar with. Let’s cover some of them here: Creditor The creditor
by Robbie Conley Since the vast majority of those, who purchase a home, or any other form of real estate, use some sort of mortgage vehicle, it might be useful, and/ or beneficial, to better understand and appreciate, as much as possible, regarding the many variables and/ or factors, involved and related! We often discuss factors, such as
by Robbie Conley Most likely, your home is the single biggest purchase in your lifetime and your largest investment. You should therefore think long and hard about your purchase. If you are looking to purchase a home, you actually have to go through a 2 step process. 1) Looking for the right home. You’ll need to find a
by Robbie Conley As most realize, we are experiencing a period of, unprecedented, inflation. We see it, in, nearly, every aspect of our lives, from the cost, of fuel, at the gas tank, and heating our houses, to food expenses, etc. The current rate – of – inflation, is the highest, we have experienced, in many decades! One
by Robbie Conley Veterans Administration (VA) loans are some of the most common types of loans used in today’s financing market. They offer many benefits to eligible borrowers and are mainly used to buy, refinance, and even improve a home. Here are 10 important things one should know before applying for a VA loan: 1) It is a
by Robbie Conley It’s often said, the real estate/ housing market is a significant driver of the American economy. As a Licensed Real Estate Salesperson, for about 15 years, I have witnessed a wide – variety of real estate markets, including buyers, sellers, and neutral ones. I’ve experienced times, when mortgage interest rates were relatively high, as well
by Robbie Conley