The Mervin Mortgage Team
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2 selected videos
The Mervin Mortgage Team: Have student loan debt? New mortgage rule affects you
If you have student loan debt, this message is meant for you. Prior to last fall, if you had deferred or lower payments for an income-based repayment plan, those debts weren't factored against you in mortgage qualification. That's not the case anymore. In fact, with this new rule, lenders are now required to use 2% of the debt balance as your payment. For many, that's like a whole other mortgage payment. Don't give up hope though, as there are workarounds that we've found. To find out more,...
Related topics : mortgage student loan debt
The Mervin Mortgage Team: Need a loan to make home repairs?
Fannie Mae and the FHA have great home mortgage loans, but what many people don’t know is that they also offer small loans for home repairs. You could use these before you sell your home or after you have moved into one. The nice thing is that these loans operate in the same way that their mortgage loans do. The only problem is finding the appropriate loan for you! Watch this video to learn more about home repair loans! -...
Related topics : loan home repair / loan home mortgage
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