If you're applying for a residential mortgage loan and you're looking at an FHA loan to purchase or refinance a home this lender requirement could be problematic for you as it relates to … [Read More...] about This FHA lender rule could be problematic for your mortgage
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Today’s Latest Mortgage News
Why Silicon Valley Bank failed and why it’s good news for mortgage rates going forward
The recent failure of Silicon Valley Bank points to a broader issue that banks particularly depository institutions face as relates to their financial stability. Here is how this benefits … [Read More...] about Why Silicon Valley Bank failed and why it’s good news for mortgage rates going forward
Should I pay discount points when locking my interest rate?
For those looking to purchase to refinance a home, there might be some shellshock as it relates to costs associated with getting a home loan these days. It’s no surprise we are still in an … [Read More...] about Should I pay discount points when locking my interest rate?
FHA Mortgage Insurance Premiums reduced by 30 basis points-what this means for consumers
For folks looking to purchase or refinance a home with the FHA Loan, the Federal Housing Administration has just announced a reduction to their private mortgage insurance premiums by 30 … [Read More...] about FHA Mortgage Insurance Premiums reduced by 30 basis points-what this means for consumers
5 ways you will not get a home loan to buy a home
Most people given a choice would desire to purchase a home, arguably, given their financial situation, and their ability to handle a monthly housing payment. Oddly enough, there are times … [Read More...] about 5 ways you will not get a home loan to buy a home
What’s the lowest credit score to get a home loan?
There is a significant amount of inaccurate information online and in the real estate community about the credit score needed to get a home loan to purchase or refinance a home. Talk to one … [Read More...] about What’s the lowest credit score to get a home loan?
Is a down payment assistance loan to buy a home a good idea?
For those looking to purchase real estate particularly first-time home buyers, the notion of a down payment assistance loan where you need very little or no money to close escrow could be a … [Read More...] about Is a down payment assistance loan to buy a home a good idea?
What’s the magic interest rate to refinance your mortgage?
For consumers who purchased their homes or took out any kind of residential mortgage loan in 2022 the future prospect of refinancing can seem very attractive. Here are some things you might … [Read More...] about What’s the magic interest rate to refinance your mortgage?
Why an FHA Mortgage is by far the best out of the box loan option to buy a house
FHA loans which are loans ensured by the federal housing administration oftentimes have gotten a bad rap, for the costs associated with them as well as the types of properties that will be … [Read More...] about Why an FHA Mortgage is by far the best out of the box loan option to buy a house
Why you might want to consider a DSCR loan to buy a rental property
What is a DSCR loan and how can this type of financing help you purchase a rental property portfolio? In Q3 2022, the DSCR loan emerged as a viable option for investors looking to buy a … [Read More...] about Why you might want to consider a DSCR loan to buy a rental property
How does seller carry financing work to buy a home?
What is seller carry financing and how does it work to buy a primary home? As we enter the 2023 real estate market, creativity is the name of the game as long as interest rates remain above … [Read More...] about How does seller carry financing work to buy a home?
4 proven ways real estate will make your wealthier
If you're thinking about buying a home, good, it's a sound financial decision and it's the bedrock by which most Americans in America have created wealth for themselves and their families. … [Read More...] about 4 proven ways real estate will make your wealthier
Are you self-employed and having a tough time getting a mortgage?
Are you self-employed and having a tough time getting a mortgage? Here's what you need to know... When it comes to being self-employed one of the biggest challenges that you're going to … [Read More...] about Are you self-employed and having a tough time getting a mortgage?
What to do when you’re told you can’t qualify for a mortgage
If you're trying to purchase or refinance a home and you've been turned down, read on. Perhaps your income is not up to par, or your credit score is not up to par or there's some sort of … [Read More...] about What to do when you’re told you can’t qualify for a mortgage
How to get an FHA Mortgage on a non Hud Approved condo
For would-be borrowers looking to purchase or refinance a condominium unit and looking for government financing such as a VA loan or an FHA loan, you might come to find getting such a … [Read More...] about How to get an FHA Mortgage on a non Hud Approved condo
