How Long Must I Live in My Primary Residence Until I Can Legally Turn It into an Investment Property?

By: Mike Tabla

Published on: 05/11/2024

Discover the rules and requirements for turning your primary residence into a rental property. This blog covers the one-year occupancy rule for FHA, VA, USDA, and conventional loans, as well as unique restrictions for Utah Housing loans. Learn tips for transitioning your home into an investment property legally and efficiently, and find out how to ensure compliance with mortgage requirements.

Mortgage

Can I Get the Seller to Pay My Closing Costs?

By: Mike Tabla

Published on: 05/11/2024

Learn how you can negotiate for the seller to pay your closing costs when buying a home. This guide explains the maximum contribution limits based on loan type—FHA, VA, USDA, conventional, and investment property loans—and provides tips for securing seller-paid costs. Discover how this strategy can reduce your upfront expenses and make homeownership more affordable, especially for first-time buyers.

Mortgage

What Happens if I Have Good Credit, But My Spouse Has No or Poor Credit?

By: Mike Tabla

Published on: 17/09/2024

When applying for a mortgage, your credit score plays a crucial role in determining your eligibility and the terms of your loan. But what if one spouse has excellent credit and the other has no or poor credit? This situation is common for many couples, and knowing how it affects your mortgage application can help you make the best decision.

Mortgage

What Are Closing Costs and How Much Should You Expect to Pay?

By:

Published on: 17/09/2024

When buying or refinancing a home, closing costs are an important part of the process. They consist of various fees and charges that need to be paid before finalizing the loan. It's crucial to understand the breakdown of these costs so you can plan accordingly and avoid surprises on closing day.

Mortgage