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The impact of student loans on buying a home

Housing Wire

Most Americans still view homeownership as a key to building wealth, but for many, that piece of the American dream is on hold or out of reach thanks to the heavy burden of student debt. In fact, according to a recent study, millennials currently struggle with so much debt that 25% worry they won’t qualify for a mortgage.

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Mortgages with Low Credit Scores - Your Guide to Affordable Home Financing

Realty Biz

Let's delve deeper into these topics to guide you towards an affordable home financing solution. By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation. Can you buy a house with bad credit?

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Mortgage Rates 2024: Can Assumable Mortgages Get You a Lower Rate?

Marco Santarelli

USDA loans are designed to help finance homes in rural areas. They typically have low interest rates and are assumable, but there are restrictions on the location and income of the borrower. This will involve a deep dive into your credit score, employment history, debt-to-income ratio, and any assets you hold.

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LOs and brokers, are you prepared for an evolving workforce?

Housing Wire

Partnering with a team that understands how to approach home loans for borrowers with complex finances can make the difference between another year of profit growth and the unfortunate possibility of loss in business, making it one of the most crucial decisions for any lender. Bracing for the challenges of non-QM.

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Opinion: how to close the minority homeownership gap

Housing Wire

Without a strong secondary mortgage market supported by the federal government, lenders would be able to fund far fewer loans, and would likely flock to the most affluent areas in the country, leaving less-affluent markets with fewer options to finance a home. Ginnie Mae is wholly owned by the federal government.

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Bridge Loans in Michigan: How to Unlock Home Equity to Buy Before You Sell

HomeLight

Especially in today’s market, where inventory levels are low, and prices are soaring, aligning the timing and finances of both transactions can be particularly challenging. A bridge loan is a short-term financial solution designed to “bridge the gap” between selling your existing home and purchasing your new one.

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Preparing to Get Pre-Approved For a Mortgage

Realty Biz

During pre-approval, lenders carefully evaluate your financial information, including income, assets, credit history, and other relevant details. It involves a detailed examination of your income, assets, credit history, and other relevant factors to assess your creditworthiness and financial stability. What Is Mortgage Pre-approval?