Tim Lucas

Current Mortgage Interest Rates

June 13, 2019

Mortgage Rates Today Mortgage applications surged 27% last week as the decline in interest rates led consumers to take advantage for both purchase and refinance loans. According to the Mortgage […]

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FHA Loans · Home Buying · USDA Home Loans · VA Home Loans

100% Financing Home Loans for 2019

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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Credit · FHA Loans

Low Credit Score Home Buyers Could Qualify with this FHA Policy

May 15, 2019

Editor’s note: The 2017 changes are still in effect in 2019. According to Ellie Mae, more lower-credit FHA applicants are being approved. In July 2016, only 19% of closed FHA loans […]

Understanding Mortgages

Mortgage Dictionary

March 27, 2019

Mortgage terminology can be confusing whether you’re a first-time homebuyer or looking to refinance your current loan. From mortgage terms like amortization to PITI, chances are you’ll come across a […]

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Conventional Loans · Home Buying

Buy a House in 2019 with a Conventional Loan

March 14, 2019

Also known as conforming loans, conventional loans “conform” to a set of standards set by Fannie Mae and Freddie Mac. Conventional loans boast great rates, lower costs, and homebuying flexibility. So, it’s […]

FHA Loans · Refinance

Access Your Home Equity with an FHA Cash-Out Refinance

March 5, 2019

What is an FHA cash-out refinance? There are two primary FHA refinance loan programs: the FHA cash-out refinance and the streamline refinance. The FHA cash-out loan provides cash-in-hand for the […]

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Home Buying

Seller-Paid Closing Cost Maximums for Conventional, FHA, VA, & USDA Loans

February 28, 2019

Mortgage closing costs range from 2-5% of a home’s purchase price. That can add up. But, many sellers are eager to pay your closing costs in order to sell their home […]

FHA Loans · Refinance

FHA Streamline Refinance Rates & Guidelines for 2019

February 25, 2019

The FHA streamline refinance program helps current FHA homeowners lower their interest rate and monthly payment — it’s a fast and cost-effective way to refinance with lenient documentation requirements and […]

Home Buying · Private Mortgage Insurance

What Is Private Mortgage Insurance?

January 25, 2019

Private mortgage insurance, also known as PMI, is a type of mortgage insurance common with conventional loans. It’s intended to protect the lender if you stop making your loan payments, […]

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Ask Tim · Credit · Home Buying

How Long After a Foreclosure Can I Buy a Home?

January 15, 2019

Buying again after a foreclosure, short sale, or or deed-in-lieu of foreclosure can be done, with some hard work — and waiting. Lenders don’t like to see a foreclosure on […]

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Current Mortgage Interest Rates

100% Financing Home Loans for 2019

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Low Credit Score Home Buyers Could Qualify with this FHA Policy

Mortgage Dictionary

Buy a House in 2019 with a Conventional Loan

Access Your Home Equity with an FHA Cash-Out Refinance

Seller-Paid Closing Cost Maximums for Conventional, FHA, VA, & USDA Loans

FHA Streamline Refinance Rates & Guidelines for 2019

What Is Private Mortgage Insurance?

How Long After a Foreclosure Can I Buy a Home?

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