October 17, 2019
When you get an FHA loan, you pay a mortgage insurance premium at the time of closing. This initial premium is the called the upfront mortgage insurance premium (also known […]
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October 17, 2019
Mortgage Rates Today Lower mortgage rates are causing a significant housing inventory shortage as reported by CNBC. The supply of homes priced below $200K is down 10% when compared to […]
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October 11, 2019
A home appraisal is an estimate to determine the market value of a home. In addition to purchase loans, appraisals are also ordered when refinancing a loan or when attempting […]
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October 2, 2019
In 2018, the VA guaranteed 610,512 home loans. In 2019, it celebrated its 24-millionth borrower. It’s easy to see why these mortgages are so popular. Not only are they available […]
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Refinance · Understanding Mortgages
September 24, 2019
Refinancing can mean lower payments, less total interest costs over the life of the loan, and possibly some extra cash for home improvements. Currently, interest rates are at historic lows […]
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Home Buying · Mortgage Strategy
September 10, 2019
When buying a home, the biggest upfront expense is likely to be the down payment. Although future homeowners can reasonably afford monthly mortgage payments, the initial cost of purchasing a […]
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Refinance · Understanding Mortgages
August 30, 2019
With home values rising in most areas of the country, many homeowners are interested in a home equity line of credit to access cash — especially to fund remodel projects […]
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Cash Out Refinance · Refinance
August 27, 2019
On the surface, applying for a cash-out refinance mortgage sounds like a no-brainer. You may be able to lower your interest rate, plus you walk away with some cash. But, […]
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FHA Loans · Mortgage Strategy · Refinance
August 7, 2019
Mortgage interest rates are at historic lows across all major loan types. Ellie Mae’s June Origination Report stated FHA loans are no exception — average mortgage interest rates decreased to […]
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July 15, 2019
Can you get a mortgage if you’re retired, even though you no longer receive a regular paycheck? The good news: Yes, you can. Though, qualifying for a mortgage with retirement […]
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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
