Tim Lucas

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Current Mortgage Interest Rates

April 18, 2019

Mortgage Rates Today While rates have risen slightly for the last three weeks (30-year fixed loans in particular), Matthew Speakman, an economic analyst for Zillow, doesn’t foresee a sharp incline […]

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 […]

Conventional Loans · News · Refinance

Conventional Refinance Rates, 2019 Loan Limits and Guidelines

January 2, 2019

A conventional refinance is the loan of choice for many homeowners in today’s market. While HARP and FHA have dominated the refinance market in years past, the standard conventional refinance is becoming […]

Conventional Loans · Home Buying · News

Conventional 97% LTV Program: Buy a Home with 3% Down In 2019

January 2, 2019

Home buying just got a lot easier. Fannie Mae and Freddie Mac, the country’s two main mortgage rule-making agencies, now allow home purchases with just a 3% down payment. The 97% […]

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Current Mortgage Interest Rates

Mortgage Dictionary

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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?

Conventional Refinance Rates, 2019 Loan Limits and Guidelines

Conventional 97% LTV Program: Buy a Home with 3% Down In 2019

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