Loan Archives | Maor Max Lavi - Superior Mortgage Lending

When it comes to the battle between 15 year vs 30 year mortgage, the question boils down to one thing: do you want to pay off your mortgage faster with higher monthly payments, or stretch it out over a longer period with smaller monthly payments? There are definite perks to each option, and the choice you make can impact not just your finances but also your lifestyle. So, here’s a quick breakdown to help you decide which one best suits you!

If you own investment properties, you might be able to use them to help you qualify for your next home loan. Leveraging rental income can improve your debt-to-income (DTI) ratio and show lenders that you have the income stability needed for approval. However, it’s important to understand how to properly document your rental income to make the process as smooth as possible.

So, you’re ready to dive into the thrilling world of mortgage pre-approval, huh? Well, hold onto your calculators because we’re about to break down the steps you need to take to get pre approved for a mortgage—yes, it’s that delightful paperwork extravaganza everyone dreams about.

If your credit score is looking rough, and you don’t have much cash for a down payment, FHA is probably your best bet. On the other hand, if you’re someone with a bit more financial padding, a Conventional loan could be the way to go. You’ll get rid of mortgage insurance faster, and with higher credit, those better rates are likely to save you money over time.

Can I Get a Mortgage with Bad Credit? Yes

You might wonder if it’s possible to get a mortgage when you have bad credit. Well, the short answer is yes, it’s possible. Let’s break it down.

As you contemplate purchasing a home, you might wonder whether it’s wise to wait for interest rates to drop. It’s a common question, and the answer isn’t always straightforward. Let’s break down the factors you need to consider.