Newly Self-Employed? Qualify for a Mortgage Without 2 Years of Tax Returns

Making the transition from working for an employer to being self-employed can be incredibly rewarding. However, one of the challenges that new business owners face is qualifying for a mortgage. Without having two years of tax returns to prove income to lenders, it can be difficult to finance a new home or refinance an existing mortgage. Fortunately, there are […]

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Purchase a Home with 0% Down and No PMI With a VA Loan

One of the biggest worries about purchasing a home is coming up with a down payment.  If I told you it was possible to become a homeowner with 0% down would you believe me?  With a VA Loan it is.  VA Loans help eligible service members, Veterans, and surviving spouses get into the home of […]

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4 Steps to Turn Your Rental Property into a Smart Passive Income Stream

As discussed in the first part of these series on Rental Properties as Passive Income, Is Real Estate Really Passive Income?, real estate and rental properties aren’t an immediate gateway to a passive income stream. Often, it takes hard work and a serious investment of time before properties you own can run as turnkey operations that require little […]

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3 Things You Should Do Before Your Home Appraiser Shows Up

Pricing your home can be a tricky maneuver, requiring a knowledge of the market most homeowners don’t possess. For that reason, many real estate agents recommend a professional appraisal before putting a home up for sale. This appraisal will give a homeowner a firm idea of how much the market will bear, preventing him from selling his home […]

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Advantages to Choosing a Mortgage (Even When You Could Pay in Cash)

Many financial gurus spend most of their time discussing strategies for getting rid of debt — and that includes creating a plan to pay off your existing mortgage early or to save up enough cash to buy your next home outright. This idea sounds like a good one at first. If you’re interested in buying a second […]

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Is Real Estate Really Passive Income?

Many people think buying a second property for the purpose of renting the unit to tenants or investing in real estate will create a great form of passive income. But the reality can be far different. The majority of people don’t start with a turnkey operation that immediately generates income without the additional investment of time and […]

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5 Things to Look at Before Buying a Home

More often than not when a potential home buyer goes to look at a house, they will overlook many things and focus on what they are looking for in their home.   Because of this, they may end up buying a home that might need to be repaired, and we all know fixing anything home related […]

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Mortgage Lending Has Dropped to a 17 Year Low

At the end of the first quarter, U.S. mortgage lending hit $226 billion—a 17-year low that was last seen in 1997, according to the Mortgage Bankers Association. This came amid increasing interest rates and rising home prices, pushing borrowers away. It also had the country’s two biggest mortgage lenders, JPMorgan Chase & Co. and Wells Fargo, reporting that […]

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