Getting a mortgage during a job transition may not be a deal breaker for mortgage lenders. In today’s constantly evolving society, it’s difficult not to change jobs as you grow. Whether you’re moving to a new city or simply changing employers, there are several ways to get approved for a loan that best fits your home buying needs. Check out our suggestions— and make sure to keep your lender abreast of all potential job changes during the mortgage process!

Long-term relationships are a big commitment—whether you’re deciding to get married or signing the paperwork for a 30-year mortgage. These decisions become even more important for potential homebuyers, as money and marriage now help determine the loan that best fits your needs. No matter what your relationship status is at the moment, there is always a mortgage option for you.

Before the time of room-rental services, lenders could easily distinguish the difference between a primary residence and an investment property. With the introduction of Airbnb, Inc. and its rental counterparts, however, the distinguishing line between the two has been blurred. According to The Wall Street Journal, this has become a large problem for homeowners looking to refinance.

Since the devastating floods that occurred throughout Louisiana this month, more than 20,000 people have been rescued from their homes. The state’s housing demand consequently skyrocketed, as displaced residents frantically search for new homes to accommodate their families. While thousands of flood victims seek new housing, however, the supply of homes for sale has remained low—and very competitive. Luckily, Louisiana has just introduced the following three housing options for flood victims:

Preparing to refinance your mortgage is similar to that of purchasing a home. In both cases, borrowers must provide their lenders with numerous specified documents, such as tax returns and income statements. It can (but shouldn’t be!) a lengthy process. Prior to applying for a mortgage refinance, save yourself tons of time by reading our mortgage refinancing checklist.

According to the Red Cross, this month’s flooding in Louisiana is considered as the worst natural disaster since Hurricane Sandy, which hit nearly four years ago. The floods affected over 110,000 families, many of which lost everything and are now forced to look for new homes. This has caused the state’s housing market to reach crazy new levels.

This week, Freddie Mac and Fannie Mae released their disaster relief policies that apply to Louisiana’s flood victims. These policies have been offered to borrowers located in the officially declared Major Disaster Areas.

Many people believe that renting is significantly cheaper than owning a house. This is actually only true for eight states and the District of Columbia—meaning it’s much less expensive to pay a monthly mortgage in 84% of the U.S.!

Federal Housing Administration (FHA) loans are mortgages insured by the government that allow homebuyers to qualify more easily. This type of mortgage is the government’s main strategy to promote homeownership throughout the nation, especially among those who have a harder time qualifying for other loan types. Although an FHA loan may not currently be the least expensive option, it may be the best; here are four reasons why.

The process of becoming a homeowner is very exciting for first time buyers. With this excitement, however, comes responsibility. For instance, there are many costs associated with homeownership, such as lawn and home maintenance, property taxes, and homeowner’s insurance, that new homeowners did not have to worry about when they were renters. The key to managing these expenses is determining how much you will need to budget before you commit to purchasing a home. Here are four important homeownership costs first time buyers should expect to pay.