Changing jobs can affect your loan approval, but as long as you are moving from one position to another with equal or higher income, and you are able to provide documentation of your work and income history, any changes to your loan approval chances should be minimal. The most important thing for lenders and their underwriters is ensuring you can
For many people, the most daunting part of the home-buying process can be getting a mortgage. But it doesn’t have to be a difficult endeavor, even if you have never before gotten a mortgage. Here, The Motley Fool offers some simple moves to take before you apply to help ease the process along. 1. Begin early When a lender looks
Refinancing a home loan can cut your payments, let you swap an adjustable interest rate for a fixed one and put some cash in your hand from your equity. With all those benefits, it’s no wonder so many homeowners refinance their mortgages every year. Refinancing can be time-consuming, however, and you may have to pay some fees out of pocket even if you
Financial planners don’t just help people balance their budgets or plan for retirement; they also help their clients buy homes. After all, a house usually is the largest financial investment an individual will ever make—so, it makes sense that these professionals would have some strong opinions on just how to go about it. Here, Realtor.com offers some no-nonsense tips from top finance experts. 1. Calculate closing costs
