How to Qualify for a $500,000 Mortgage
Getting approved for a $500,000 mortgage depends on more than just your income. It’s the big picture: how stable your income is, what your credit history is, how much debt you already have, and how much money you have saved. Lenders consider everything. If one aspect is weak, another must be strong to compensate. So […]
Can You Get a Home Loan Without Tax Returns?
Most people, when applying for a mortgage, expect to be asked for their tax returns. And for good reason. Lenders want proof that you earn enough to make your monthly payments, and your tax returns are often the easiest way to show that. But what if your tax situation is more complicated? Maybe you’re self-employed, […]
VA Loan Requirements for Surviving Spouses
The Veterans Affairs Home Loan Program was created to help veterans and their families buy a home. In some cases, this benefit extends to surviving spouses. So, family members who have lost a spouse who served in the U.S. military may be eligible to use this program to purchase, refinance, or preserve a home. But […]
How to Use Gift Funds for Your Down Payment
A down payment is one of the main expenses in the home-buying process. Many people do not have enough savings to cover it fully and ask family members for financial help. This is common, and most lenders allow borrowers to use gift funds for the down payment or closing costs. But this type of assistance […]
Can You Get a Mortgage With a 580 Credit Score?
Only a small number of American families have the full amount to buy a home. The rest are forced to borrow from friends, look for housing in a cheaper area, or take out a mortgage. And this is the best option for many people who have a high credit score, a steady income, and a […]
Mortgage Brokers in Fort Myers
Introduction It is not easy to choose a mortgage especially for first time home buyers. This task proves to be very important since mortgage brokers act as middlemen between the borrowers and the lenders. We are a mortgage brokerage firm with the ability to offer superb services in Fort Myers that is why at Primary […]
Understanding Home Equity Loans in Fort Myers
Introduction Home equity loans are one of the most useful financial products for homeowners in Fort Myers who want to use the property’s value. As a company, at primary residential mortgage we want to educate our clients on how they can use home equity loans to meet their objectives. In this article, the reader will […]
Benefits of VA Loans in Fort Myers for Veterans
Introduction Veterans in Fort Myers often find it a challenge to secure a home to live in. Thankfully, there is a VA loan, which provides a special and favorable way for those, who served our country, to become homeowners. Primary Residential Mortgage is focused on assisting veterans in learning about or taking advantage of these […]
Avoiding Causes of VA Loan Application Denial
For military service members, veterans and often their spouses, the VA loan program is one of the most beneficial mortgage programs out there. Backed by the US Department of Veteran’s Affairs, these loans help reward members for their service to our country with limited or no down payments, no mortgage insurance requirements and fantastic interest […]
Could a Reverse Mortgage Be a Good Option for You?
What is a Reverse Mortgage? A reverse mortgage is a type of home equity loan for homeowners who are 62 years or older. It allows borrowers to access a portion of the home’s equity and uses the home as collateral. Generally, the loan doesn’t have to be repaid until the last surviving homeowner passes away […]