Home Mortgage Tips Archives - Platinum Lending Solutions

The FHA Mortgage Minimum Credit Score Has Been Reduced. Here’s What You Need to Know…

March 3, 2016
Mortgage News

If you haven't heard about the changes to the Federal Housing Administration's (FHA) credit score minimum, here's some information on the recent reduction and how it may impact your home purchase.

4 Facts You Need to Know Before Setting Up a Mortgage Escrow Account

March 2, 2016
Mortgage News

Buying a home involves a variety of nuances and strange-sounding terms, and one of the least understood aspects of the home buying process is the escrow account. Essentially, an escrow account is a third party bank account your lender can require you to pay into in order to cover certain costs related to your home. Your lender uses an escrow account to ensure that property taxes and home insurance fees get paid on time.

If There’s One Mistake That You Make With Your Mortgage…Don’t Make This One

March 1, 2016
Mortgage News

There is so much to know when it comes to home ownership that even wading into all of the information can seem overwhelming. Here are a few ways that you can ensure you're ready for what a mortgage entails so that buying your dream home will be a positive experience you won't regret.

How to Calculate Your True Cost of Living and Determine How Much Mortgage You Can Afford

February 23, 2016
Mortgage News

If you're in the market for a house and are wondering how your income will stack up against the rest of your expenses, here's how to determine a home cost that's reasonable for you.

HARP Refinancing Ends in 2016: Here’s How to Take Advantage Before It’s Gone

February 18, 2016
Mortgage News

If you haven't heard of HARP refinancing and you're a homeowner who's looking for a lower interest rate, this may be the right solution to your payment woes. Instead of letting the opportunity blow by, here's all you need to know before this option ends in 2016.

3 Reasons You Should Trust in a Mortgage Advisor Instead of Trying to Predict Rates

February 11, 2016
Mortgage News

If the time has come to purchase a home and you've been perusing the real estate market, it's possible you've also been considering the mortgage options that might work best for you. In the event that you're already spending a lot of time looking at homes and trying to sell your own, here are a few reasons you may want to leave your mortgage considerations to a professional.

Setting the Record Straight: 3 Major Misconceptions About Mortgage Financing

February 9, 2016
Mortgage News

Purchasing a home is often considered an important step in one's financial life. If you're planning on buying a home soon and want to avoid some major missteps, here are a few tips that will set you up for success.

Looking Ahead in 2016: Mortgage Trends That May Affect You

February 4, 2016
Mortgage News

The housing market is in a constant state of flux, and with the changing shape of real estate there will most definitely be notable trends to watch out for in the next year. Whether you're approaching the market with caution or are ready to dive in without worry, here are some things to watch out for in 2016.

Everything You Need to Know About Fannie Mae’s New Home Ready Mortgage

February 2, 2016
Mortgage News

Traditionally, getting a mortgage requires you to have a level of income appropriate to the size of home that you're buying. But for a lot of low-income and minority borrowers, a simple measure of one person's income isn't an accurate measure of whether or not that person can afford a home.

Struggling to Get Approved Because of Your Income? 5 Reasons to Consider a FHA Loan

January 27, 2016
Mortgage News

Buying a home isn't cheap. But if you're determined to become a homeowner, the FHA home loan program can help. This loan program, ideal for first-time buyers with low incomes, can help you to build your credit and make home ownership a reality.