In the shadow of the housing crash of 2008 homeowners are sitting on a record amount of cash — this untapped cash reserve could keep you from becoming another statistic if the market crashes again...
There is currently a record collective of $5.8 trillion in tappable equity held by homeowners throughout the US.
When it comes to finding options for home loans for folks with bad credit VA loans rarely make the list. Most people don't think about VA loans as being for people with bad credit, however, as you will see in this article, VA loans for those with bad credit are actually easy to qualify for as long as you meet their criteria. The current state of your finances will also play a huge role in whether or not you can get a VA loan. Before we dig into this, however, understand that the VA not only offers multiple programs but they also offer ‘work arounds’ if you don’t quite meet the criteria in certain areas. I’ve never heard of a bank offering any kind help like that.
Let me be candid right off the bat about “no-cost refinancing." Before I lead you any further down the dream-like path of no-cost refinancing we need to get one thing straight; It does not exist. What they call no-cost financing is in truth “normal full cost” refinancing that is in reality “no-money-out-of-your-pocket-refinancing.”
Buying a home and taking out your first mortgage can be an overwhelming process. It's a big leap, but it doesn't have to be into the unknown.
In fact, there are many things you can do before, during, and after the process to make life easier. Some people end up with mortgages that they're unhappy with, or can't afford later on.
Ready to take your hard earned money and hit the real estate market to find your dream home?
First, you're going to want to make sure you can afford that dream house. Enter: your first home mortgage.
A mortgage, by its nature, puts you in debt. It's also likely to be the largest debt load you'll carry.
