FHA Loan Down Payment: The Complete Guide
May 13, 2021
With an FHA loan, nearly all borrowers will be able to pay as little as 3.5% of the home’s purchase price as a down payment.
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FHA Loans · Mortgage Strategy · Refinance
FHA Streamline Refinance: Negotiate Zero Out-of-Pocket Closing Costs
May 13, 2021
Mortgage interest rates are at historic lows across all major loan types. Ellie Mae’s March 2021 Origination Report showed that FHA loans are no exception — average mortgage interest rates […]
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Why does getting a mortgage take so long?
May 13, 2021
Getting a mortgage loan means you’ll likely experience every possible emotion. Unfortunately, a word commonly used to describe the home loan process is “stressful”. When buying or refinancing a home, […]
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Cash Out Refinance · Refinance
5 Things to Consider Before Your Cash-out Refinance Application
May 13, 2021
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 Streamline Refinance Rates & Guidelines for 2021
May 13, 2021
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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Current Mortgage Interest Rates
May 13, 2021
Mortgage Rates Today Mortgage applications increased last week, as reported by Mortgage Bankers Association. “Mortgage rates fell last week to the lowest levels since February, tracking the dip in Treasury […]
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Mortgage Rates · News · VA Home Loans
VA Streamline (IRRRL) Refinance Loan: Easier Refinancing for Veterans
May 13, 2021
A VA Streamline Refinance is also known as an Interest Rate Reduction Refinance Loan, or IRRRL, because it is designed to help homeowners lower their mortgage rate quickly and easily. […]
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Can I Change My Job Prior To Buying A Home? | 2021
May 4, 2021
The short answer is changing jobs can affect your loan approval. From your mortgage lender’s perspective, your employment history and income are paramount to your ability to make your payments. […]
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Mortgage Refinance Relief Banks Don’t Want You Knowing
May 3, 2021
Homeowners who have waited patiently to see if rates will go lower finally have their chance. Click Here To Start Your Rate Check According to Freddie Mac, the 30-year fixed-rate […]
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How much is a down payment on a house? (FHA, VA, USDA, Conventional)
April 27, 2021
Many people still think you need a 20 percent down payment to buy a house. However, many borrowers are able to buy homes with little or no down payment. There […]
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Tim Lucas
Mortgage expert Tim Lucas has been helping home owners for over 12 years.
