If child support is part of your monthly finances, it directly affects how much home you can buy. https://www.youtube.com/watch?v=_5AY04dtQUI Whether you qualify for a mortgage with child support depends on whether you’re paying or receiving it. Support you receive can…
Wire fraud at closing targets buyers when they expect to send their down payment and closing costs. https://www.youtube.com/watch?v=7tA3hX5BXkY A scammer sends an email that appears to come from your title company, including your name, closing date, and account numbers. Most…
Your debt to income ratio compares your monthly payments with the income a lender can count and sets the ceiling on the house payment you can qualify for. Improving your debt to income ratio before applying lets you make and…
If you plan to rent out your house when you buy your next home, Fannie Mae’s updated rental income rules can change how much you qualify for and how much savings you need to keep available. https://www.youtube.com/watch?v=PpP_f4TGd-4 Your lender now…
Switching employers three or four times a year is a normal part of union dispatch, and plenty of lenders still treat that job history as a red flag. https://youtu.be/nbwzwyA0ouY Add a slow winter with no paycheck for a few weeks,…
You found your next home, and most of your down payment sits inside the house you still own. A bridge loan lets you borrow against that equity before you sell your current home, and Texas bridge loan rules determine how…
A store credit card opened at checkout can push a refinance back into underwriting days before closing, and so can a new truck payment, a co-signed loan, or a deposit that doesn’t match its paperwork. https://youtu.be/IhxDZa5QLew These refinance mistakes usually…
VA loan misconceptions keep many eligible veterans from buying a home before they ever apply. https://www.youtube.com/watch?v=i75uzUAvbI0 The VA sets no minimum credit score and no maximum debt-to-income ratio, so a lender's credit or debt cutoff reflects that lender's own policy,…
Your Closing Disclosure arrives a few days before closing, and some numbers may differ from your Loan Estimate. Closing Disclosure changes are common, and most come from taxes, insurance, interest, and contract terms that shift from estimates to final figures…
Many people who own a lot assume they need to save a separate cash down payment before they can build. https://www.youtube.com/watch?v=1znEw6MJsUs If you plan to build on land you own, the land itself may cover some or all of that…