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4 Reasons A Mortgage Isn’t As Scary As It Sounds

20 Jun , 2016  

Even once you are well into the home buying game, the word mortgage can be a frightening one. You wonder what it really holds for you and your home buying experience. But it is not nearly as frightening as it sounds. A mortgage is actually a great opportunity for you to get into the house of your dreams. And if you think that a mortgage is impossible for you because of financial barriers, think again! You have options.

1) No More 20% Down On A Mortgage

There is no need to fear that large amount that 20% down would be. There are mortgage programs that have as little as 3-4% down with a credit score of 580! It is easy to back off from the idea entirely when you see 20% but don’t stop exploring your options!Visa-Mastercard mortgage

2) You Don’t Need A Perfect Record

While we’re on the subject of credit, you’d be happy to know that mark on you credit report doesn’t necessarily kill your chances of getting a home loan. A foreclosure or bankruptcy can stay on your credit report for up to seven to 10 years, and it’ll take time to rebuild your credit score after a major ding. However, you don’t have to wait until a negative item falls off your credit report to qualify for a mortgage. It is possible to qualify for a mortgage three years after a foreclosure, and two to four years after a bankruptcy. Even if you’re in the process of rebuilding your credit score, the lender will qualify you based on your credit activity over the past 12 months.

3) You Can Get Help With Closing Costs

Mortgage lenders offer a variety of programs to help buyers qualify for a home loan. Some borrowers worry about the upfront costs of getting a mortgage, and many assume they don’t have enough in reserves to purchase a property. But while getting a mortgage involves down payments and closing costs, assistance is available to help you realize your goal of ownership.

4) There Are Programs To Helphqdefault mortgage

Keep your options open by working with a program to find the best choice for your specific situation. Where are you getting all of your mortgage information resources? There are wonderful sites to help you navigate the mortgage market for you and help you get into your new home!

 

The post 4 Reasons A Mortgage Isn’t As Scary As It Sounds appeared first on The Complete Real Estate Site.

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Home Mortgages,Home Renting,Real Estate Market,Rent-to-Own Homes

4 Top Retweets for Mortgage Industry Developments

10 Nov , 2015  

The mortgage landscape changes almost on a daily basis, people! And you don’t always have a newspaper on hand, nor can you haul a television with you everywhere you go. What do you need? You just need a Twitter update to get the goods on mortgage industry developments — because, since you’re here on the RTO Consultants website looking for help in finding the right rent-to-own home, you’re obviously interested in what’s going on with the real estate market and industry.

But Why Twitter? How Can Twitter Provide the Inside Look at Mortgage Industry Developments for Today?

It just so happens that we have some relevant retweets on what’s been happening in the news for mortgage industry developments, and the keyword is this — retweet. That means the news are circulating the Twittersphere, and not just anybody’s passing the information on. The very best real estate professionals today are doing it. They’re tweeting, retweeting and “favoriting” literally every day. That should tell you something.

But don’t take our word for it; check out these retweets on mortgage industry developments right now:

And That’s Only the Start When It Comes to Social Media Excellence in Real Estate

Twitter’s chock full of information from all the key real estate players you can expect, so it makes sense especially if you’re in the market for an RTO home. Want to know what’s trending? You get on Twitter. Get on the entirety that is social media, in fact. You can do it on your tablet or phone while riding a train or sitting at the park, too.

Take advantage of the technology. Because one thing’s for sure — you’ll be ahead of the game in terms of finding the best deals, the best properties, and the best people to work with for an industry that requires the most collaboration. Social media does it best.

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