According to Urban Institute research, veteran households own homes at a rate roughly 14 percentage points higher than the general population. https://youtu.be/VKwrvWa9wMc Most veterans who still rent are usually delayed due to one of three things: Active duty life made…
Two things determine whether a mortgage application moves forward and on what terms: How much cash is available for the down payment How the credit profile looks to a lender. Both are controllable, and both respond to preparation. 💰 What…
Most veterans who apply for a VA loan have heard of the debt-to-income ratio, but far fewer have heard of VA residual income, even though it carries just as much weight in the approval decision. https://youtu.be/wIvGJkioN7Y A borrower can have…
Conventional loans are the most common type of mortgage in the United States, and many buyers assume they are straightforward. They are not. https://www.youtube.com/watch?v=vfzkSeKLQDM There are several major decisions in a conventional mortgage, and each one carries long-term consequences for…
A mortgage is a legal agreement between a borrower and a lender. https://youtu.be/eu4wGcDfIts The lender provides money to buy a home, and the home secures the loan, meaning if payments stop, the lender has the legal right to take the…
For decades, homeownership has been one of the most consistent wealth-building paths available to American households. https://youtu.be/4GAZp13EOZU The typical homeowner has accumulated substantial housing wealth in recent years, while renters have generally not participated in that same asset growth. Buying…
Buying a home is one of the largest financial transactions most people will ever make, and real estate wire fraud targets that process when large sums of money are moving. https://www.youtube.com/watch?v=2w-sNXhk1lY During a transaction, buyers are asked to wire earnest…
If you already have an FHA mortgage and need to move, getting a second FHA loan can feel like a closed door. https://youtu.be/sND8oa4D3P4 FHA financing is designed for owner-occupied principal residences, and the general rule is one FHA-insured property at…
