The FHA 203k Rehab Loan: Financing the Fixer-Upper
February 14, 2020
Have you found a home that you love, but it’s in bad shape? The 203k loan may be a perfect way to purchase a home that is a little rough […]
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Most Recent
Home Buying · Investment Properties
Buy & Live In a Duplex, Triplex, or Fourplex to Earn Rental Income
February 13, 2020
Ever wondered if you can buy a home and get someone else to pay your mortgage? You could do just that with the right property, the right mortgage, and the […]
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Current Mortgage Interest Rates
February 13, 2020
Mortgage Rates Today Mortgage applications increased again this week, as reported by Mortgage Bankers Association. “The mortgage market continues to be active in early 2020, as applications increased for the […]
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Cash Out Refinance · Refinance
5 Things to Consider Before Your Cash-out Refinance Application
February 13, 2020
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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Home Buying · Understanding Mortgages
Getting a U.S. Mortgage as a Permanent or Non-permanent Resident Alien
February 13, 2020
Residents with green cards and work visas can qualify for a U.S. mortgage even if they are not U.S. citizens. In fact, these home buyers can qualify for government-backed and -sponsored […]
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FHA Loans · Mortgage Rates · Refinance
FHA Loans Getting Approved At High Clip
February 12, 2020
FHA loans closed at the highest clip in the past 18 months. Over 74.2 percent of FHA loans closed in the month of December, up from about 74 percent in […]
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FHA Streamline Refinance Rates & Guidelines for 2020
February 12, 2020
The FHA streamline refinance program helps current FHA homeowners lower their interest rate and monthly payment — it’s a quick and cost-effective way to refinance with lenient documentation requirements and […]
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Co-Owning a House with Friends, Relatives and Others: Facts You Absolutely Need to Know
February 12, 2020
When you think of more than one name on a mortgage application, you probably assume it’s a married couple. However, there are lots of other people who enter into buying […]
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FHA Loans · Understanding Mortgages
Senior Citizens Can Be Successful at Getting Mortgages
February 11, 2020
A couple in their mid-70s just recently purchased a home and got a mortgage to move closer to their children and grandchildren. They decided on Home Equity Conversion Mortgages (HECM) […]
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Is Your Self-Employed Income Enough to Buy a Home?
February 10, 2020
When applying for a mortgage, the lender will make sure the borrower can afford the new mortgage payment. This is determined by comparing the borrower’s proposed housing payment with their […]
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Tim Lucas
Mortgage expert Tim Lucas has been helping home owners for over 12 years.
