Maybe you got a big pay bump at work, or a family member has gifted you a large chunk of change. Whatever the reason, you’re suddenly able to pre-pay your mortgage—this means paying it off before your allotted time is up (say, 30 years). Pre-Paying Can Save You Thousands of Dollars When you pre-pay your […]
Tag Archives: buying a home in dc metro area
Can You Still Get a Loan with Minimal Documentation?
When it comes to getting a loan, there’s a laundry list of documents needed to be approved. From tax returns to credit statements, your lender needs complete access to your financial history. But it wasn’t always the case. Not too long ago, some lenders offered what are called “stated income loans.” More commonly referred to […]
Moving On After A Foreclosure
We understand how difficult it can be to go through a foreclosure. It might seem like the prospect of owning another home is out of the question if you have recently lost your DC-area home to foreclosure. However, you shouldn’t completely rule out future homeownership. The following steps can bring you closer to your goal […]