A HomeReady mortgage is a specific type of home loan offered by Fannie Mae. They are designed to help low- and moderate-income borrowers who are looking to buy a home or refinance their current loans. The primary advantages are lower down payments and reduced private mortgage insurance (PMI) requirements. They Continue Reading →
Millennials represent the next generation of home buyers and have rapidly become the most active segment of the population when it comes to applying for mortgage loans. When you have a younger demographic, and especially a segment greatly affected by higher student loan debts than ever before, you might think Continue Reading →
At Transparent Mortgage, we’re always looking for ways to help clients raise their credit scores. As a mortgage broker, I understand the importance of having a good credit score when it comes to applying for mortgage loans. It will impact the interest rate and terms—not to mention whether or not Continue Reading →
Our friends over at The Lighter Side of Real Estate recently published a fun, yet very relevant, post featuring the 10 Commandments of Buying a Home. These are the 10 things that you shalt not do if you are looking to buy a home and want to qualify for a Continue Reading →
Two things are going to happen this month that will ultimately make it easier for a lot of people to get mortgage loans. The two major policy changes are technically unrelated, but both are expected to help borrowers who currently might not qualify. Of course, there is always the nuances Continue Reading →
