Joe Gonzalez at CrossCountry Mortgage, Inc.

Til’ Debt Do Us Part: How to Get a Mortgage If One Spouse Has A Poor Credit Score

Posted on April 19, 2022 by joeglez

A poor credit history is a reality for many people, but it can be particularly daunting when it comes to investing in a house. Fortunately, simply because you or yours have experienced bad credit doesn’t mean that you should be penalized in the future. If your spouse has struggled with bad credit in the past but you’re both preparing to move forward and invest in a home, here are some tips for getting it together financially.

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What’s Ahead For Mortgage Rates This Week – April 18, 2022

Posted on April 18, 2022 by joeglez

Last week’s economic reporting included readings on monthly and year-over-year inflation and the preliminary reading on consumer sentiment from the University of Michigan. Weekly readings on mortgage rates and jobless claims were also released.

How to Calculate Your True Cost of Living and Determine How Much Mortgage You Can Afford

Posted on April 15, 2022 by joeglez

If you’re in the market for a house and are wondering how your income will stack up against the rest of your expenses, here’s how to determine a home cost that’s reasonable for you.

Common Fees During Refinancing

Posted on April 14, 2022 by joeglez

As interest rates fluctuate, you might think about refinancing your mortgage. This is the cost of taking out a new home loan to replace the one you currently have.

Taxes And A Cash-Out Refinance: What To Know

Posted on April 13, 2022 by joeglez

If you decide to go through the refinancing process, there are several options available. One of the most popular options is a cash-out refinance. Essentially, you capitalize on the difference between current interest rates and the interest rate on your home loan to keep your payments the same while also drawing equity out of your home in the form of cash. You can use this money to fund your retirement, complete home repairs, or do a renovation project. Even though you can do just about anything you want with this cash, what do you need to know about a cash-out refinance and taxes?

Understanding Your Debt To Income Ratio: What It Means

Posted on April 12, 2022 by joeglez

If you are looking for a home, you might need to finance it using a lender, such as a bank or a credit union. There are a number of factors that will influence whether your mortgage application is approved.

Exploring Multigenerational Homes: They Are Becoming More Common

Posted on April 8, 2022 by joeglez

Purchasing a house is expensive. Not everyone has the money to put down 20 percent. One of the ways to make it easier to afford a house is to live in a home with multiple generations.

How To Qualify for Refinancing a House

Posted on April 7, 2022 by joeglez

If you want to save money on your mortgage, now might be a great time to refinance. When you refinance your home loan, you replace the existing mortgage with a different one. You can refinance your home to withdraw cash, shorten the term of the loan, or reduce your interest rate. Not everyone can refinance the house, so take a look at a few key rules you need to follow to qualify for a refinance.

The Pros and Cons of ‘Mortgage Before Marriage’ for Young Couples

Posted on April 6, 2022 by joeglez

There was a time when a higher percentage of people were married before they committed to buying a home together, but it’s a lot more common to co-habit and invest in a home together. If you’re considering the commitment of a mortgage without being married, here are some things to be aware of before you start searching the market.

What’s Ahead For Mortgage Rates This Week – April 4, 2022

Posted on April 4, 2022 by joeglez

Last week’s financial and economic reporting included readings from S&P Case-Shiller Home Price Indices, the Federal Housing Finance Agency and the federal government reported on construction spending. Reports on public and private-sector jobs growth and the national unemployment rate were also published along with weekly readings on mortgage rates and jobless claims.