Tim Lucas (NMLS #118763 ) is editor of MyMortgageInsider.com. He has appeared on Time.com, Realtor.com, Scotsman Guide, and more. Connect with Tim on Twitter.
September 24, 2020
Mortgage Rates Today Mortgage application activity remained strong this week, as reported by Mortgage Bankers Association. “Purchase applications were up over 25 percent from a year ago, and the demand […]
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Ask Tim · Conventional Loans · FHA Loans · Private Mortgage Insurance
September 16, 2020
Q: I have good credit of about 730. I meet the requirements for both FHA and Conventional 97. I plan to live in the home for 6+ years. Which has […]
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September 15, 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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Mortgage Rates · News · VA Home Loans
September 15, 2020
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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FHA Loans · Mortgage Strategy · Refinance
September 14, 2020
Mortgage interest rates are at historic lows across all major loan types. Ellie Mae’s August 2020 Origination Report stated FHA loans are no exception — average mortgage interest rates decreased […]
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September 14, 2020
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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July 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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July 8, 2020
The VA home loan is arguably the best mortgage product on the market today. This type of home loan is only available to eligible veterans and active duty service members […]
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Conventional Loans · Home Buying · News
June 15, 2020
What is a Conventional 97 Loan Program? The 97% loan-to-value (LTV) purchase program allows homebuyers to purchase a single family home, condo, co-op, or PUD with just a 3% down […]
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Home Buying · News · USDA Home Loans
June 12, 2020
USDA home loans offer 100% financing, low rates, and affordable payments. These loans are becoming more popular by the day, as buyers discover an easier way to buy a home with zero down […]
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