Lee Nelson is a Chicago-based writer whose work has appeared on Realtor.org, Yahoo! Homes, TheMortgageReports.com, and more.
Home Buying · Understanding Mortgages
September 23, 2021
When you’re asked to write a letter of explanation by a mortgage underwriter, look at this as a valuable opportunity to clearly communicate your situation. The letter of explanation may […]
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August 13, 2021
With home prices rising in some areas, a pre-foreclosed home can be quite attractive financially. When a property is in pre-foreclosure, the owner still has a chance to ward off […]
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August 3, 2021
Single moms can have it tough trying to become a homeowner — between raising their children on their own and paying all the bills, buying a house seems almost unachievable. […]
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Home Buying · Understanding Mortgages
August 3, 2021
Your adult child is hardworking and responsible. But because of their lack of credit history, stricter lending regulations or too many student loans, it is almost impossible for them to […]
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July 21, 2021
After you finish signing at the closing of your new house, you’re handed the keys and the house is officially yours. But there some things you should do to make […]
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News · Understanding Mortgages
July 21, 2021
Stated income loans are making a comeback — sort of. Extremely popular in the early 2000s, stated income loans were one of the factors of the housing market collapse. Why? […]
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July 13, 2021
If you are serious these days about buying a house, or even if you’re just looking at homes, there is one thing you’d better get — a mortgage pre-approval. It […]
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May 20, 2021
FICO scores range from 300-850 — so getting in the 800s can be a feat. Fortunately, there are benefits to having a higher credit score. A high credit score makes […]
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May 20, 2021
Your real estate agent has shown you two perfect homes for the same price — one is a condominium with great amenities and the open floor plan you desire. The […]
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April 27, 2021
Many people still think you need a 20 percent down payment to buy a house. However, many borrowers are able to buy homes with little or no down payment. There […]
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