getting a mortgage - Articles

Planning to Buy a Home in 2014? Get Ready Now

Shutterstock By Christine DiGangi With big changes coming to the mortgage industry at the beginning of next year, many consumers will want to evaluate their homebuying plans. Regulations drafted by the Consumer Financial Protection Bureau will change the definition of a qualified mortgage for any loan applications... Continue Reading »

Ways to Sidestep Volatile Mortgage Rates

By Scott Sheldon To say mortgage rates are volatile right now is an understatement. Every few days for the past two months, there have been heavy swings in mortgage pricing, translating to strong gyration in mortgage rates. Nothing can be more frustrating for a pre-approved potential homebuyer than knowing their ability... Continue Reading »

Getting a Mortgage After a Divorce: Difficult, Not Impossible

Getting a mortgage is challenging enough -- with strict underwriting requiring detailed explanations, sourcing of monies and debt ratios -- but adding a divorce to the picture makes it even more difficult for a borrower. The good news is that despite most divorce situations, many can still successfully get a... Continue Reading »

10 States Where You Can't Get a Mortgage

The big problem still plaguing the improving housing market is tight lending. Requirements for scoring a mortgage are much stricter than they used to be, requiring higher credit scores for approval. So for residents of some states, you can basically kiss your chances of being offered a mortgage goodbye. 24/7 Wall St. used... Continue Reading »

Can't Get a Mortgage? Here's Why

By Chris Birk Left out in the cold by a tight lending climate, prospective homebuyers are finally starting to see a thaw. Fifty-one percent of respondents to the latest Fannie Mae National Housing Survey indicated it's now likely easier to secure a mortgage. That latest burst of confidence could help keep the housing... Continue Reading »

Will Getting a Mortgage Be Easier in 2013?

By Kali Geldis The decision to make the jump from renter to homeowner is not an easy one, but a lack of credit availability has been keeping many potential homeowners on the sidelines after the Great Recession. While those with fantastic credit are debating whether or not mortgage rates will go even lower than their... Continue Reading »

How Bad Credit Can Stop You From Buying a Home

By Christopher Maag Melissa was about to try and live the American Dream. Eager to buy a house, she applied for a pre-approved bank loan only to discover that an old unpaid bill that she resolved two years ago is still lingering on her credit report. That's dragging down her score. And she's getting desperate. "I can't... Continue Reading »

How Fannie Mae Is Making It Harder to Get a Home Loan

One of the nation's two large government-sponsored backers of home loans recently revealed that it would tighten some of its lending restrictions for certain consumers. The company announced that it would change the requirements for both new borrowers and those who are refinancing existing home loans. Now the maximum... Continue Reading »

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