Fannie Mae’s HomeReady Program to include household income
Fannie Mae’s HomeReady program will allow low to moderate income borrowers to include income from family members, parents, and even boarders.
Fannie Mae’s HomeReady program will allow low to moderate income borrowers to include income from family members, parents, and even boarders.
Buying a home in 2022 is still a good decision because mortgage rates will only go higher, the longer you wait.
Homeowners with FHA-insured loans may be able to avoid foreclosure by making a “partial claim” to get their loan out of default.
A charge off was showing your credit reports without notification can be shocking. But is it a mistake or can a HELOC be charged-off years later after a delinquency.
Charge-offs hurt your credit scores, whether paid or unpaid. But when applying for a mortgage loan it ‘s better to pay the charge-off so it won’t be factored into your overall credit utlization.
You can get approved for a mortgage loan with unpaid charge-offs. But even though FHA allows charge-offs some lenders may have stricter requirements.
Self-employed borrowers can no longer depend on stated-income mortgages but there are ways to look more attractive to lenders when applying for a mortgage
These 6 Must-Know Facts will guide you through the types of mortgage loans available for bad credit borrowers.