Comprehensive Guide to Mortgage Loans for Self-Employed Individuals
. Mortgage loans for self-employed are more challenging to come by than for the salaried borrower. Lenders have stricter requirements because you don’t work for a third party. In addition, they don’t have someone else to confirm your income with and verify that it will...
Debunking Credit Score Myths and Tips to Improve Your Score
Understanding Credit Score Myths There are many things to consider when it comes to credit, so it’s only normal to have misunderstandings on how to improve your credit score. To avoid confusion, here are some of the most common credit score myths that you should...
Benefits of Using a Mortgage Broker for Your Mortgage Needs
Understanding the Role of Mortgage Brokers Most people assume they should go to their local bank to get a mortgage, but most end up disappointed with the results. This is because banks are for borrowers with great qualifying factors and nothing ‘out of the ordinary.’...
Essential Steps to Buy Your First Home
. “A house is made of walls and beams; a home is built with love and dreams.” You looked for a house and you feel that this could be your home and find yourself asking what to do after finding a home that I love?...
Recipient of the Sparking Change: Minority 2022 Award, Andres Munar
. Co-Owner of Co/LAB Lending, Andres Munar, is a recipient of the Sparking Change: Minority 2022 Award Erie, February 18th – Andres J. Munar is a recipient of the Sparking Change for Minorities Award due to his efforts in championing mortgage brokers in Puerto Rico...
Essential Steps to Buy Your First Home
. Maybe the idea to buy your first home seems like a long-term possibility, or perhaps you’ve decided to actively start looking. Whatever stage of home buying you’re at, there are specific steps you need to take to insure your buying experience is successful. Follow...
Understanding Different Types of Lenders
. When you're ready to buy or refinance a home, you'll have to decide whether to go with a big bank, a local lender, or a direct lender for your mortgage loan. Prior to making a significant financial decision, consider the advantages and disadvantages of...
Understanding USDA Loans: A Comprehensive Guide
A Comprehensive Guide to USDA Loans The phrase USDA—also known as the U.S. Department of Agriculture—might conjure images of rolling crop fields and grazing cows, but this government agency actually offers much more than policies and support for farmers and ranchers. The USDA also offers...
Homebuying Season: Will You End Up on the Naughty or Nice List?
. He’s making a list. Checking it twice. Gonna find out who’s naughty or nice. An underwriter is coming to town! Winter is usually when most housing markets in the states cool down with the weather. But if you’re considering purchasing a home in the...
203(k) vs HomeStyle Renovation Loans: Which Is Best for You?
. It’s always easier to find projects to do around your house than it is to find money to pay for them. If you don’t have a ton of extra cash socked away for covering renovation projects, there are special loans that can be used...