Whether you aggressively paid down your mortgage to become debt-free or you’ve reached the end of your 15 or 30-year term – congratulations! Now the phrase, “owning a home,” is true. After you’ve cut the celebratory cake, you’re probably thinking, what’s next?
Home is where the heart is, and you’ve probably made some last memories in your current home. When it comes time to move, you’ll want to present your home in a way that potential borrowers can’t envision themselves living anywhere else. With these top 12 tips, we’ll help you do just that.
So you love to watch HGTV on the weekends, you insist that Joanna Gaines just HAS to be your friend and you always seem to be one step ahead of Tarek and Christina. The likely outcome of this is that you are the perfect person to flip houses, right?
Pre-Approvals are more accurate than pre-qualifications A pre-qualification is an estimate based on information that you provide and can be useful in helping you understand a ballpark budget but is NOT official. Pre-approvals on the other hand are commitments from lenders to a potential borrower.
Of course you can. First off, kudos to you for being your own boss, taking charge of your own trajectory in life. The perks of self-employment measure right up there with Mom’s homemade chili. But, being self-employed means you need to understand a little bit more about the mortgage industry than your corporate counterparts.
You’re young, ambitious and finally ready to make the American dream a reality. You found the perfect home and you’ve spent years saving tips from your part-time job waiting tables. You’re ready to apply for a mortgage, only to find out that your lender deems you as not credit worthy. WHAT?!