Moville Mortgage and Finance "Minute Tips"
Clients can begin the mortgage process even prior to buying a house, and its definitely beneficial.
By starting you mortgage process early you will understand what you can qualify for and at what cost.
You will understand how the amount of the loan and your down payment affect the cost of your loan. You will have time to work out any issues or discover if an issue will prevent you from qualifying.
Getting a mortgage is not a “one-size-fits-all” proposition and can be hectic. It’s a very personal matter, and it’s important to make sure you make the right decisions with the right company, You've got questions, we've got answers. With our "Minute Tips" you'll receive a mortgage tip in less than a minute.
What income can be used to qualify for a loan?
In many cases verified income can be used for your loan qualification whether it is in Israel or abroad.
Multiple currency loans, What currency is best for me?
Choosing all or a portion of your loan in a foreign currency if done for the wisely can save you money. It is dependent on many factors including what currencies your income and assets are based on.
Co-borrowers do not need to be Co-Owners!
In some situations when a borrower does not qualify on their own, a co borrower (even if they are living in the US) can enable the borrower to qualify for a loan and in many cases the co-borrower does not need to part owner of the property.