If you’re purchasing or refinancing a house with less than 20% Equity. You’re going to be subject to having PMI. Here’s what you need to know regarding private mortgage insurance with regards to financing your house… When you have less than 20% equity on your house the mortgage company is going to require you to…
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Deciding which mortgage company to handle your financing can often be a tedious process requiring hours of time, comparing various rates, fees, terms experience and quality of the person that you’re working with. Here is one additional factor to consider… You ought to select the lender whose terms are all woven into the fabric of…
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Refinancing your house is a big decision and requires careful consideration of the mortgage loan program, interest rate, fees and more importantly the longer-term financial goals. Here’s what really happens when you refinance your house and skip a payment… Mortgage interest is calculated in arrears. Put another way, when you make mortgage payment due on…
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The credit score to get a mortgage to buy a house is a lot less than you think. Here’s what the magic credit score is and what options you have available if your credit score is not the greatest and you’re looking to purchase or refinance a home… Despite what you read on the internet…
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This local county housing market continues to evolve and show strong signs of growth and appreciation. Here is what you need to know if you are going to be buying a house in 2018… Two things to watch for is interest rates and home prices. Both heavily can affect your ability to borrow and ultimately,…
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On December 22, 2017 president trump signed into law the new tax plan changing the tax deduction of home ownership. Here’s what this means for you and your home buying efforts in 2018 and beyond. Prior to December 22, 2017 homeowners could write-off mortgage interest for the acquisition of a primary home or a secondary home…
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Low down-payment loans have been around much longer than most people realize. 2008 was the re-emergence of the FHA, only requiring 3.5% down. Today loans backed by the government requiring even less down are becoming popular. Here’s what you need to know if you’re working with a low down-payment loan to purchase a home… Low…
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One of the financial programs aimed at homeowners wishing to refinance in the economic downturn was Making Homes Affordable Harp 2. The program to this day allows people to refinance even if they are underwater. Here’s what you should know about this program… How the program works If you took out your loan May 31,…
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