Mortgages – Elite Credit Info

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Know The Difference Between Mortgage Pre-qualification and Mortgage Pre-approval

Know The Difference Between Mortgage Pre-qualification and Mortgage Pre-approval https://elitecreditinfo.com/wp-content/uploads/2019/03/Mortgage_Know-The-Difference-Between-Mortgage-Pre-qualification-and-Mortgage-Pre-approval.jpg 1000 625 elitecreditinfo elitecreditinfo https://secure.gravatar.com/avatar/29954ae020e3040623ddfe097b0362da?s=96&d=mm&r=g March 5, 2019 March 5, 2019

If you’re shopping for a home, chances are you’ve heard of the importance of both mortgage loan pre-qualification and mortgage loan pre-approval. Unfortunately, many consumers don’t realize that these words are not interchangeable – they are actually two separate processes! Learn more about the distinctions between the two through the link below.

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Five Items You Need For Mortgage Preapproval

Five Items You Need For Mortgage Preapproval https://elitecreditinfo.com/wp-content/uploads/2019/03/Mortgage_Five-Items-You-Need-For-Mortgage-Preapproval.jpg 1600 896 elitecreditinfo elitecreditinfo https://secure.gravatar.com/avatar/29954ae020e3040623ddfe097b0362da?s=96&d=mm&r=g March 5, 2019 March 5, 2019

If you’re serious about buying a home, you need to be prepared for an in-depth mortgage application process. While it can be a stressful time for potential buyers, proper preparation helps. Read on to learn the five things you need before you apply for a mortgage.

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What Does It Mean If You Have An ‘Underwater’ Mortgage?

What Does It Mean If You Have An ‘Underwater’ Mortgage? https://elitecreditinfo.com/wp-content/uploads/2019/03/Mortgage_What-Does-It-Mean-If-You-Have-An-‘Underwater’-Mortgage.jpg 600 429 elitecreditinfo elitecreditinfo https://secure.gravatar.com/avatar/29954ae020e3040623ddfe097b0362da?s=96&d=mm&r=g March 5, 2019 March 5, 2019

If the amount you owe on your home is greater than the value of your home on the real estate market, you are plagued by an “underwater” mortgage. Though this is certainly an undesirable scenario, it is not rare. In order to avoid foreclosure or other financial detriment, you’ll want to seek help. Read on to learn more.

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Everything You Need To Know About PACE Loans

Everything You Need To Know About PACE Loans https://elitecreditinfo.com/wp-content/uploads/2019/03/Mortgage_Everything-You-Need-To-Know-About-PACE-Loans.jpg 943 632 elitecreditinfo elitecreditinfo https://secure.gravatar.com/avatar/29954ae020e3040623ddfe097b0362da?s=96&d=mm&r=g March 5, 2019 March 5, 2019

The Property Assessed Clean Energy (PACE) program allows homeowners to borrow money for clean energy projects. How does one get approved for a PACE loan, and how is it repaid? Read on to learn the ins and outs of this helpful home loan option.

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The Skinny On FHA 203k Improvement Loans

The Skinny On FHA 203k Improvement Loans https://elitecreditinfo.com/wp-content/uploads/2019/03/Mortgage_The-Skinny-On-FHA-203k-Improvement-Loans.jpg 1000 692 elitecreditinfo elitecreditinfo https://secure.gravatar.com/avatar/29954ae020e3040623ddfe097b0362da?s=96&d=mm&r=g March 5, 2019 March 5, 2019

Are you interested in purchasing a home that needs work, but you aren’t sure how to pay for the improvements? An FHA 203k loan might be the solution you’re looking for. Click the link below to learn more about this loan tool, which allows you to borrow for a home purchase and improvement projects at the same time.

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The Benefits Of The HomePath Ready Buyer Program

The Benefits Of The HomePath Ready Buyer Program https://elitecreditinfo.com/wp-content/uploads/2019/03/Mortgage_Benefits-Of-The-HomePath-Ready-Buyer-Program.jpg 1000 667 elitecreditinfo elitecreditinfo https://secure.gravatar.com/avatar/29954ae020e3040623ddfe097b0362da?s=96&d=mm&r=g March 5, 2019 March 5, 2019

Fannie Mae’s HomePath Ready Buyer Program was introduced in 2015, offering both a small down payment and closing cost assistance for buyers who can’t qualify for a traditional mortgage loan. Still available today, it is only open to first-time homebuyers who meet certain guidelines. Continue reading below to learn more.

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