The Ultimate Homebuyer’s Guide: Budgeting & Mortgages
Everything you need to know about setting a budget and getting a mortgage for your new home. After you’ve saved, cleaned up your credit, and done your initial research and set some guidelines for your search, you need to start thinking about financing. It might sound like you’re putting the cart before the horse, but understanding the steps to getting a mortgage and getting a pre-approval letter will give you a significant advantage over other buyers. Many sellers won’t even accept offers from buyers who aren’t pre-approved.
How To Get A Mortgage If You’re Not A US Citizen
If you were born outside the US and want to become a homeowner, here’s what challenges to expect and how to overcome them. Citizenship is not necessary to purchase property nor is it necessary to qualify for a home loan. However, getting a loan if you aren’t a “traditional borrower” can prove to be difficult. Here are a few difficulties you may face when trying to find a mortgage loan as an non-citizen, and what to do.