Lee Nelson is a Chicago-based writer whose work has appeared on Realtor.org, Yahoo! Homes, TheMortgageReports.com, and more.
January 5, 2024
What the minimum down payment requirement for a conventional loan? Although most people assume they need a 20% down payment to buy a home, there are low down payment conventional […]
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January 5, 2024
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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News · Understanding Mortgages
January 2, 2024
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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January 2, 2024
It’s exciting to finally have no more monthly mortgage payments. You have no existing mortgage! But now that you have all that equity in your home, is it possible to […]
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January 2, 2024
There are loan programs, along with home buying assistance programs, that can help put the dream of homeownership within reach for single mothers. “It can be tough to support a […]
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FHA Loans · Understanding Mortgages
January 2, 2024
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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January 2, 2024
Disabled veterans can get some great benefits when getting a VA loan that can help with their finances when purchasing a home and in the future. VA loan benefits have […]
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January 2, 2024
Getting a mortgage can be daunting — especially for first-time home buyers. There are so many mortgage lenders, and the differences between lenders and loan programs aren’t always clear. The […]
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Cash Out Refinance · Homeowner Tips · Refinance
January 2, 2024
Seniors looking to supplement their income may be able to tap their home equity to supplement their lifestyle or ease financial worries during retirement. Pros & cons of tapping home […]
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October 5, 2023
Taking a cash-out mortgage for debt consolidation is a great idea — sometimes. Converting all your monthly payments to one bill can simplify your life. Plus, if your credit card […]
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