Engaging an experienced attorney is crucial for a seamless Chapter 7 bankruptcy journey. Your attorney will expertly handle various legal tasks throughout the process, ensuring your peace of mind. Here’s a step-by-step breakdown of the Chapter 7 proceedings. Credit Counseling: Your first step is to undergo a credit counseling session with a court-approved agency…
If you have an eviction on your record, it doesn’t mean that you can’t ever own a home. There are plenty of programs available to those with less-than-perfect credit histories that can help you get into a home of your own. An eviction is a legal process of removing a tenant from a rental property….
Securing a home loan is often complicated enough without having to worry about your credit score being too low to qualify. If you’re a veteran looking for a VA home loan and have a 500 credit score, you might be feeling overwhelmed by the process. Thankfully, there are lenders available that specialize in working with…
Cash-out refinance is a popular mortgage program that allows homeowners to access the equity in their homes in order to use the funds for various expenses such as home improvements, debt consolidation, or college tuition. However, there may be situations where a cash-out refinance may not be the best option, or where a homeowner may…
In this blog, we will cover and discuss FHFA increase conforming loan limits in California on both median-priced areas and high-cost areas. The FHFA also increased high-balance conforming loan limits in California for 2022 to $970,800 in high-cost areas. Conventional Loans are the most popular loan program in the United States. Housing prices have been…
In this blog, we will discuss and cover the negative impact of credit disputes during the mortgage process and how they can impact the loan process. Credit repair is the process of removing your derogatory credit information from your credit report through credit disputes. Nothing is wrong with disputing credit tradelines if you have documentation…
In this blog, we will discuss ways of paying off your mortgage early. Most mortgage borrowers have 30 year fixed rate mortgage loans. 30 years is a lot of time to be stuck with a payment obligation and a lot of interest expense that mortgage borrowers will end up paying. Mortgage interest expenses will be…
When you file your taxes each year, you typically do so with the expectation that everything is accurate and up-to-date. However, life happens and sometimes things change – including your plans to buy a house. If this is the case, you may need to amend your tax return in order to get the most accurate…
Today’s real estate market supposedly belongs to the sellers, with demand outranking supply. Yet that could change in the next few years if more millennials don’t start buying houses. What’s holding them back? As with many things, the issue comes down to money. Values skyrocket in a seller’s market, which poses a problem for millennials…
It’s not always necessary to work for two years In order To purchase a house. A history of employment demonstrates that you have a consistent income and the ability to make regular loan payments. Not everyone, however, has a long professional history. You could be a first-time home buyer starting your career. Perhaps you were…