Lee Nelson is a Chicago-based writer whose work has appeared on Realtor.org, Yahoo! Homes, TheMortgageReports.com, and more.
November 15, 2022
Someone else’s misfortune can turn out to be the answer to someone else’s prayer of buying a house. HUD homes are houses that have been acquired by the government due to […]
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Home Buying · Understanding Mortgages
November 15, 2022
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. Standard mortgage forms often don’t […]
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Refinance · Understanding Mortgages
November 1, 2022
With home values rising in most areas of the country, many homeowners are interested in a home equity line of credit to access cash — especially to fund remodel projects […]
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August 11, 2022
When Carol Addy began in the mortgage industry more than 20 years ago, assumable mortgages were quite well known. Some of them even allowed the buyer to take over someone’s […]
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Home Buying · Understanding Mortgages
August 11, 2022
Those with disabilities and disability income can qualify for these special home buying programs as well as standard mortgage loans. Qualifying for a mortgage with disability income Life hasn’t always […]
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July 25, 2022
There is hope for borrowers who cannot get a conventional loan and have low to moderate income. The USDA loan program offers no-down-payment, 100 percent financing through a guaranteed loan […]
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July 25, 2022
If you are serious about buying a house in the next few months, there is one thing you should do right away: get a mortgage pre-approval. It could be your […]
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Home Buying · Understanding Mortgages
June 20, 2022
Even if your adult child is hardworking and responsible, they may be struggling to get a mortgage. The problem could be their lack of credit history, strict lending regulations or […]
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HARP · HARP 3.0 · News · Refinance
June 1, 2022
Editor’s Note: The HARP program expired December 31, 2018, and a popular replacement option, the Freddie Mac Enhanced Relief Refinance (FMERR) loan expired September 30, 2019. However, Fannie Mae’s High […]
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Home Buying · Mortgage Strategy
June 1, 2022
There has been a lot of news lately about rising home prices. But if you are thinking about buying a house this year, there are plenty of things that you […]
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