One of the perks of getting an FHA mortgage is the ability to purchase a primary home using just 3.5% down. The math however will change if you’re buying a multi-family property… You heard that correctly. You can buy a multifamily property using an FHA-insured loan up to four units with just 3.5% down. The…
When buying a home most would believe the number one most important thing you need to be focused on is what you pay for the house. Mom and dad who bought their house years ago, Grandma and Grandpa who bought their house back in the early 1980s when housing prices were $40,000 all have an…
Buying a home is quite a financial feat. It requires careful planning due diligence and making sure that it’s the right decision for you and your family. If you’re buying a home, you may to begin to prepare your finances… To get a mortgage you must have a blend of cash, credit and income. You…
Interest rates right now are very close to their all-time historical lows. We’ve seen this a few times before. Here’s what you need to consider when getting what you perceive as the best mortgage rate… Mortgage rates are in flux and have been in flux since the United States started keeping track of these numbers…
So, you got a mortgage rate that sounds too good to be true but now you can’t close Mortgage rates are presently near their historic lows on 30-year fixed rate mortgage with the average 30-year fixed being between 3.375% and 4.125%. As such people are refinancing in droves taking advantage of the dip in rates.…
Residential Mortgages in America today are designed for families to fit a box. If your financial profile in anyway is outside of that box, you might experience what otherwise might be a very difficult and challenging process, so it’s important to know how the process works. Here’s what you ought to consider … Here’s how…
Buying your first home should be handled with extreme care including selecting which mortgage loan program makes the most financial sense. Following is what you ought to consider when looking at both mortgage loan programs … Loans backed by Fannie Mae and Freddie Mac are conventional loans which require a minimum down payment of 5%…
Securing mortgage loan financing is the cornerstone of financial prosperity in America. It’s one of the biggest decisions you’ll ever take on your life. Here’s watch to avoid when applying for a high-ticket mortgage… Make no mistake the way mortgage companies must originate loans is 100% controlled by the federal government. That means the “asks”…