Mortgage Tips , ,

Advice For Purchasing A House On A Single Income

Even though a lot of people have two incomes they can use to purchase a house (theirs and their partner’s), this is not necessarily required. There are lots of people who want to take advantage of current interest rates to purchase a house, and some people are trying to do it on their own. Even though it can be a challenge to buy a house with only one income, it is certainly not impossible. There are several tips that can make it easier for everyone to afford a house with just a single income.  Always Check Your Credit Score If…
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Mortgage Application , ,

Understanding The Difference Between A Co-Borrower And A Co-Signer: What Do They Mean?

There is a lot of jargon that comes with purchasing a home. Even though this could be confusing, purchasing a home is also a significant decision. Therefore, it is critical for everyone to understand exactly what they are signing before they scribbled their name on the dotted line. In some cases, a co-borrower or a co-signer (also called a non-occupying co-borrower) could be needed to strengthen the application. What is the difference between these two terms?  What Is A Co-Borrower? First, a co-borrower is simply a co-owner. Both names are on the title of the home. The co-borrower also shares…
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Mortgage , ,

Qualify For A Larger Mortgage With A Co-Signer

There are numerous steps involved in the process of buying a new home. It is important to go through the mortgage qualifying process before looking at dream houses. This gives people an idea of how big a house they can afford. Sometimes, individuals looking for a house might not get a loan that is big enough to cover their dream house. There are ways to qualify for a larger loan; however, one of the fastest methods is to use a co-signer. What Is A Co-Signer? A co-signer is someone who signs onto a potential home loan with the homebuyer. Essentially,…
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