September 19, 2019
Mortgage Rates Today Purchase applications increased for the third straight week despite interest rates increasing across the board as reported by the Mortgage Bankers Association. Adds Joel Kan, MBA’s Associate […]
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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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News · Understanding Mortgages
June 28, 2019
Stated income loans are making a comeback — sort of. Extremely popular in the early 2000s, stated income loans were one of the factors of the housing market collapse. Why? […]
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Cash Out Refinance · Refinance · Understanding Mortgages
June 25, 2019
Many homeowners dream of having their own swimming pools, especially after the heat of summer settles in. But after checking the price tag, a lot of would-be pool owners give […]
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June 10, 2019
When a first-time homebuyer hears the word “mortgage,” they don’t often think of it as a product. The idea they can comparison shop for one seems strange — isn’t loan […]
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FHA Loans · Home Buying · USDA Home Loans · VA Home Loans
June 4, 2019
100% financing home loans are essentially no money down home loans — they’re mortgages that finance the entire purchase price and eliminate the need for a down payment. Large down […]
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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
