Search results for: fha
Understanding Restricted Stock Units (RSUs) and How They Impact Mortgage Qualification
Restricted Stock Units (RSUs) are a valuable form of compensation that many companies use to reward and retain employees.
Read MoreStay Informed with Reliable Mortgage Information from North Star Mortgage Network
In today’s ever-changing housing market, having access to accurate and up-to-date mortgage information is crucial.
Read MoreWho Can Refinance a Home When Not Currently on the Loan? Your Guide to Rate & Term and Cash-Out Refinancing
Short answer Yes. If your name is on the title but not on the mortgage, you can usually refinance the property in your own name. A rate-and-term refinance is the straightforward route, and it is how most people add or remove a spouse. A cash-out refinance is stricter, and the ownership and timing rules are…
Read MoreUsing Alimony and Child Support as Income to Qualify for a Mortgage
Short answer Alimony and child support can count as qualifying income when you can document that you receive it and that it will continue. The documentation is what decides it — the court order alone is usually not enough without proof of actual receipt. Call or text 904-880-6741 Ask about your actual file — no…
Read MoreCan I Purchase the Home I’m Currently Renting? North Star Mortgage Makes It Easy!
If you’re renting a home and love where you live, you may be wondering: Can I buy the house I’m currently renting? The good news is yes, you can! Many renters…
Read MoreWhat Is a USDA Loan
When it comes to buying a home, financing options can be overwhelming. If you’re looking for a mortgage with no down payment and competitive interest rates, a…
Read MoreBreaking Down Your Mortgage Payment: What’s Included?
For many homeowners, a mortgage payment is one of the biggest monthly expenses. But have you ever looked at your statement and wondered, What exactly am I…
Read MoreFirst-Time Homebuyers: Why Your First Call Should Be to North Star Mortgage Network
Buying your first home is an exciting milestone, but it can also feel overwhelming. With countless decisions to make, from budgeting to choosing the right…
Read MoreWhy You Should Double-Check Your Mortgage Offer
Buying a home is one of the biggest financial decisions you’ll ever make. With so many lenders and loan options available, how do you know you’re getting the…
Read MoreWhat Are Escrow Holdbacks and How Do They Work?
When purchasing a home, certain repairs or improvements might be needed before closing. But what happens when those repairs can’t be completed in time? This is…
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