how much house can I afford?

A Guide on “How much house can I afford?”

2017-06-16

The idea of buying a home is quite exciting, imagining that you get to own the building that you live in plus the surrounding compound, But you have to ask yourself the question “How much house can I afford?”. Owning a house is both an important commitment and a severe lifestyle choice. Buying a house is an important expense and a significant portion of the family budget. If your plan is to remain in your home for under ten decades, look at renting instead. Before you begin talking to lenders you should need to know “How much house can I afford?“.  You...

read more
refinance-mortgage

What You Should Know About Refinance Mortgage and home loan.

2017-06-14

Keep pushing, and you will get a means to refinance mortgage. Refinancing a mortgage is not cheap, and it is not always simply, but if you think about the probable savings, it might be worth your time and energy. Sub-prime mortgages are only brief term financing alternatives. The reverse mortgage is an intricate loan which is costly. In any situation, the reverse mortgage can occur rather quickly and will be able to help you to guarantee the finances that you want. With bad credit, you will undoubtedly pay increased mortgage to refinance rates. @shutterstock Contents1 What refinance mortgage actually, means?1.1...

read more
harp-program

Obama’s harp program – The home affordable refinance plan.

2017-05-24

In March 2009, the FHFA and the Department of the Treasury called the harp program into life. The U.S. housing bubble crashed in 2008, and many borrowers were in a difficult situation. Traditionally, banks require a loan to value ratio of 80% or less to get a refinancing loan without a private mortgage insurance.  However, millions of homeowners lost a significant part of the value of their homes. The Home Value drops below the balance of their mortgages. “Take for example a house that was purchased for $160,000 but is now worth $100,000 due to the market decline. Further, assume...

read more