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Buying a House While in Chapter 13 Bankruptcy

Realty Biz

One of the frequently asked questions during today’s booming housing market is can I qualify for a mortgage during Chapter 13 Bankruptcy. Chapter 13 Bankruptcy is a court-approved debt repayment plan where their debts are restructured over a period of three to five years. Mortgage Options During Chapter 13 Bankruptcy.

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Fannie Mae’s chief economist on housing market outlook

Housing Wire

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. They were withdrawing volatility from the market, and they were lowering rates to benefit consumers.

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3 Alternative Home Loan Options for People with Bad Credit

Rent, Buy & Sell

Great credit allows people to get the best interest rates on various types of loans. Bad credit is usually the result of late bill payments, bankruptcy, foreclosure and loan defaults. FHA loans can also be obtained by people who have a bankruptcy or foreclosure on their record. There are some drawback to VA loans.

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Different Mortgage Options Explained

Realty Biz

Non-conforming loans do not follow the FHFA stipulations and regulations. They are commonly offered if your credit is not superb or if you have had a hard hit in the past, such as a bankruptcy. Jumbo Home Loan- This type of loan is strictly used for huge homes or to refinance mortgages that are already jumbo.

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

Realty Biz

Government-backed programs: Government-backed mortgage programs, such as FHA loans, VA loans, and USDA loans, often have more relaxed credit score requirements. Consider alternative mortgage options: If traditional mortgages don't work out, explore alternative options such as FHA loans, VA loans, or USDA loans.

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Selling a House ‘As Is’ in North Carolina

HomeLight

Schaus did advise her client to contact a junk removal company to clear out the house, but that was the only preparation made before the house hit the market. “[The Average days on market for North Carolina. Your agent should also be willing to go the extra mile on marketing. Sell 'As Is' With a Cash Offer. 359,600 (April 2022).

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Should You Consider Contract for Deed Financing in 2021?

C4D Crew

Worse, with COVID-19, a weakening stock market, an uncertain future, and post-election trauma, lenders are clinging to tight underwriting standards. VA loans are great if you are a first-time home buyer. Multiple offers are the norm in some cities. Research all of the financing avenues that may be available to you.

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