When buying a home, especially for first-time buyers, navigating rules and regulations can be daunting. One of the lesser-known yet important guidelines to understand is the FHA 90-day rule for
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Tax season is here, and for many, that refund check offers a golden opportunity to achieve major financial goals. If you’re considering buying a home in Omaha, Nebraska, your tax
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If you’re in the market for a new home, it’s important to know that the housing market is a seller’s market right now. That means there are a lot of
While a pre-approval shows that your lender could provide you with a loan in that amount, it only applies to your financial situation at the time of the pre-approval. Meaning, if your financial situation changes drastically from the day you’re pre-approved to when you find a home to make an offer on, your pre-approval may not still stand with the same terms.
Conventional loan guidelines were created by the government and are enforced to protect the lender, borrower, and investor.
In order to obtain a mortgage pre-approval, the buyer needs to provide their lender with a picture of their financial situation. After receiving the documentation, the lender analyzes the buyer’s information and determines if they’re eligible for a loan. If they are, the lender issues a mortgage pre-approval for a certain amount.
HELOCs and Home Equity Loans are two financial tools that allow homeowners to leverage the equity in their homes, but they operate differently and serve different purposes.
Speeding up your home loan closing involves a combination of preparation, organization, and effective communication. Whether you're a first-time homebuyer or a veteran homeowner looking to refinance, there are always new tips and tricks to explore.
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