Are you a self-employed individual dreaming of homeownership but concerned about obtaining a mortgage loan with a 1099? You're not alone. According to recent surveys, a growing number of Americans identify as self-employed, including independent contractors, freelancers, and gig workers. However, traditional mortgage lenders often have strict requirements that make it challenging for these individuals to qualify. Fortunately, there is hope. Discover how non-qualified mortgages, specifically 1099 home loans, provide an alternative path to homeownership. This informative guide explains what a non-qualified mortgage is, who should consider a 1099 loan, and the steps to qualify. Don't let your self-employment status hold you back—learn how to navigate the mortgage process and turn your homeownership dreams into reality. ...

Discover the intricacies of building your dream home as we delve into the costs, budgeting strategies, financing options, and important considerations. Whether you're weighing the pros and cons of building versus buying, or seeking guidance on estimating construction expenses, this comprehensive article provides valuable insights to help you navigate the journey of creating your ideal living space. ...

When it comes to buying or selling a house, contingencies play a crucial role in protecting both parties involved. But what exactly does "contingent" mean in the context of a house sale? After a seller accepts a buyer's offer, the property is typically taken off the market. However, the sale is contingent upon certain conditions being met, allowing both the buyer and seller to conduct their due diligence. In this article, we explore the different types of contingencies, such as home sale contingencies, appraisal contingencies, mortgage contingencies, home inspection contingencies, and title contingencies. Additionally, we clarify the distinction between a contingent listing and a pending sale, and shed light on how long a house can remain in a contingent state. Understanding contingencies is essential for a smooth and successful real estate transaction. ...

Immerse yourself in the warmth and creativity of Thanksgiving as you transform your home into a cozy haven for cherished moments with loved ones. Discover the beauty of DIY table decorations, designed to elevate your holiday meal and create a captivating ambiance. From embracing nature's palette to incorporating stunning floral centerpieces and bold gold accents, let your creativity shine. Join us on this inspiring journey as we share step-by-step guides for crafting dried corn tablescapes, mini pumpkin candlesticks, woven paper table runners, and squash flower arrangements. And when you're ready to take the next steps towards homeownership, trust CrossCountry Mortgage to guide you through the process. Together, let's make this Thanksgiving a truly memorable and delightful celebration. ...

Discover the key distinctions between reverse mortgages and home equity conversion mortgages (HECMs). While often used interchangeably, these loan products have significant differences. Learn how they work, their pros and cons, and the repayment process. Whether you're considering a reverse mortgage or a HECM, understanding their unique features is essential for informed decision-making. ...

Discover the convenience and flexibility of the 203K Rehab Loan, a financing option backed by the Federal Housing Administration (FHA). Whether you're eyeing a fixer-upper or looking to enhance your current home, this loan combines your mortgage and renovation funds into one affordable package. With options like the 203K Streamline for smaller repairs or the 203K Standard for more extensive renovations, you can transform your property with ease. Benefit from low down payments, reduced closing costs, and potential tax advantages. However, keep in mind the requirement for licensed contractors and mandatory mortgage insurance. If the 203K Rehab Loan isn't suitable, explore Fannie Mae's HomeStyle Renovation Loan for investment properties and higher-budget projects. Start your home improvement journey today by contacting a Mortgage Advisor at Crosscountry Mortgage or diving into our blog for expert tips. ...