Asset depletion is a method for calculating monthly income by dividing a borrower’s total assets by a set number of months. The borrower is not required to cash in their assets as they’re only used to demonstrate an ability to make the mortgage and housing payments. This is a great solution for home buyers that have significant assets but difficulty proving […]
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Coast 2 Coast Is Hiring Great Loan Officers
Are you a great loan officer looking to be part of a great company? Coast 2 Coast Lending is now hiring! Contact us today to learn about individual loan officer and branch opportunities. Coast 2 Coast offers many benefits for loan officers including: Great Products to Grow Your Business: FHA, VA, USDA, Conventional, Jumbo, […]
Atlanta FHA Loan Benefits First Time Buyers
Georgia FHA loans are a popular choice for many first time home buyers in Atlanta. The FHA mortgage program provides several benefits, keeping in mind the budget difficulties of many homeowners who are considering purchasing their first home. Compared to most traditional mortgage loans, the FHA mortgage loan facilitates the process for the applicant. In […]
First Time Buyer – Low Down Payment Loans Corpus Christi
Corpus Christi, the seat of Nueces County, is located along the Gulf Coast border in Texas. The population of Corpus Christi today is around 330,000 with the larger Corpus Christi MSA home to about 450,000. Corpus Christi’s city limits encompass more than 500 square miles, 175 being land and almost twice that area in water. […]
Home Energy Efficient Upgrades That Pay You Back
Whether your goal is to lower your utility bills or maybe you’re looking further down the road and have decided to “go green” there’s is no better place than to start at home. Going green in today’s environment is easier than ever as manufacturers have recognized this trend for several years and designing products that […]
6 Home Upgrades to Avoid
Whether you just bought a fixer-upper that needs more than just a little “TLC” or you’ve lived in your home for a few years and ready for a remodel, there are some things you should do and especially things you shouldn’t do. Of course, if you did buy a home that needs a little help, […]
How to Prepare Your Home Before You Sell It
When you’re thinking about selling your home, the current condition is an indicator of how well it’s been taken care of. With your house, there are several things you can do that fit within most any budget that will put your home in the best light possible and get the price you’re looking for. Here […]
5 Hidden Costs of Homeownership
When consumers carefully consider buying a home, most of their attention is directed at how much money is needed for a down payment, how much are my closing costs and how much money do I need overall to close the transaction. Those are important considerations and your loan officer can provide you with a pretty […]
Using an FHA Loan in Orlando
When you think of Orlando, the first thing that likely comes to mind is all the theme parks located there. Of course, the flagship is Disney World which is home to the Magic Kingdom and Epcot Center. Universal Orlando hosts Universal Studios, Islands of Adventure and the popular World of Harry Potter. Located in Central […]
VA Purchase Mortgage Greenville, South Carolina
Located within its namesake Greenville County is home to Greenville, South Carolina. Greenville was officially incorporated in 1831 but was settled decades prior. Today, Greenville is home to around 70,000 residents with a median income of approximately $45,000. One of the most visited venues is the Greenville County Museum of Art. For those who enjoy the […]
Can You Take Equity Out With a VA Loan?
Refinancing a VA loan is much like refinancing any other mortgage. However, VA loans do have a refinance option that conventional loans do not have. This option is referred to as a VA “streamline” and is a VA-to-VA refinance that requires very little documentation. No income or employment check, no appraisal required and no need […]
Two Things Florida First Time Buyers Need to Know
Buying your first home isn’t the type of decision that’s made overnight. It’s not something that suddenly pops into your head so you head out the door and start visiting open houses. Instead, it’s a thought that gradually creeps into your head over time. Maybe it was a coworker who keeps talking about the new […]
Which Type of FHA Loan is Best?
Did you know there was a choice? Did you know that an FHA loan is not just a single loan program but actually several? Sometimes thinking about which loan program is best for you, it can get a little complicated. Mortgage programs aren’t designed to be complicated but new programs can come about to address […]
FHA Loan Application Preparation
It always helps to be well-informed in order to increase your chances of successfully getting your FHA loan approved. Buyers should be aware of what steps should be taken before and after applying. Before Applying: Credit check It’s usually the little things that bring down your credit score. Check your income, credit, as well as […]
Georgia USDA Loan Eligibility Checklist
Many locations in Georgia are still eligible for 100% USDA rural housing. Homebuyers considering a USDA home loan should first check they meet the USDA loan eligibility requirements. Below is a basic checklist of items that will determine if you are eligible for USDA financing. Keep in mind the program has certain eligibility and qualifying […]
Pensacola USDA Rural Loan – 100% Home Loans
If you thought you never had a chance at home ownership because of inadequate finances and low savings, then consider USDA Rural Housing Loan. Most of Escambia County is eligible for the program making it perfect for first time home buyers that have limited savings for a large down payment mortgage. What Exactly Is a […]
Rising Interest Rates, What Can Buyers Expect?
We’ve enjoyed some very competitive interest rates over the past few years. This has helped the housing market not only recover but thrive in multiple markets across the country. Today, it’s common to find a 30 year fixed rate for a conforming loan amount in the 4.00% to 4.25% with some variance. These rates hit […]
Down Payment Assistance and Florida FHA Loans
One of the biggest challenges for those buying their first home is coming up with the necessary funds needed to purchase a home. There is a down payment involved and there are closing costs associated with a new mortgage. For many, it’s not their credit that is an issue nor is having sufficient income to […]
FHA Loan Guide Charlotte Home Buyers
An FHA loan may be best described as a mortgage that is issued by an approved qualified lender or bank, and subsequently insured by the Federal Housing Administration, or the “FHA” as it’s more popularly known. As a general rule, all FHA loans are specifically designed for Charlotte home buyers that may not be in a […]
100% VA Loans For Michigan Homebuyers
The VA Loan is a type of mortgage loan that is typically issued by pre-approved lenders, brokers, and banks that is guaranteed by the U.S. Department of Veterans Affairs (VA). This program was created by the United States government in 1944 when world war II was winding down. The core purpose was to help the returning service […]