2023 VA Financing Tips for Hawaii Real Estate Agents
Hawaii boasts a large population of Veterans eligible for VA financing. Understand some of the unique characteristics of this popular loan program.
Advertised Mortgage Rates Can Be Very Misleading.
You will always need to dig down deeper with any lender you intend to work with for your home purchase to determine the interest rate and terms you will actually be able to obtain for your mortgage.
What Are Discount Points?
Selecting the lowest available interest rate for your home purchase may NOT be the best option for you. Sometimes the costs involved in obtaining the lowest interest rate outweigh the benefits.
Secrets of Building a Solid Credit History and Excellent FICO Score.
Establishing great credit and achieving an excellent credit score is easily within your reach whether you have no credit history or had credit issues in the past.
Mortgage Financing Basics – Part I
This article lays the foundation for the remaining Mortgage Financing Basics articles by explaining the basics of the debt-to-income ratio and calculating the maximum housing payment for your buyers.
Why Do Many Real Estate Agents Rely Entirely on Lenders for Financing Calculations?
In recent years, mortgage lenders taken much of the responsibility for handling financial calculations for Realtors and their clients. It is now more important than ever that Realtors take back some of this control.
3 Credit Mistakes to Avoid When Buying a Home.
Before applying for a home loan, verify your credit report for erroneous details and correct them. Avoid new credit during the home purchase, and don't fear credit inquiries while shopping mortgages.
3 Sources of Down Payment You Probably Didn’t Know About.
Your checking, savings and investment accounts are not the only source of funds you can use for down payment. Here are some additional creative options for acceptable cash for a home purchase.
How Lenders Calculate Realtor Income & Advantages of Investment Property
Most Real Estate Agents, unless they run their own brokerage, will file a Schedule C on their Federal Tax Return as a sole proprietor business owner/1099 independent contractor. Therefore, their…