Tim Lucas

Current Mortgage Interest Rates

February 14, 2019

Mortgage Rates Today Mortgage interest rates are at the lowest levels in a year with softening inflation and slower global economic growth as main factors in the decline. Lower mortgage […]

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, […]

foreclosure-waiting-periods-by-loan-type

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% […]

FHA Loans · Refinance

Tap into Home Equity with an FHA Cash Out Refinance

October 8, 2018

What is an FHA Cash Out Refinance? There are two primary FHA refinance loan programs; the streamline refinance and the FHA cash out refinance. The FHA streamline refinance program refinances a […]

Cash out refinances and investment properties

Cash Out Refinance · News

Investment Property Cash Out Refinance | 2019 Guidelines

June 21, 2018

Putting Investment Property Equity To Work Cash out refinancing for primary residence (owner occupied) homes are gaining in popularity, but so are cash out loans for investment properties. While they […]

Mortgage Rates · News · VA Home Loans

VA Streamline (IRRRL) Refinance Loan: Easier Refinancing for Veterans

June 1, 2018

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. […]

Remove a Co-borrower with an FHA Streamline Refinance

Ask Tim · FHA Loans · News · Refinance

Can I Use an FHA Refinance to Remove a Borrower?

May 16, 2018

The FHA streamline refinance allows borrowers to reduce their rate with no pay stubs, no W2s, and no appraisal. But is an FHA streamline possible while simultaneously removing a borrower from […]

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

100% Financing Home Loans 2019 (USDA, VA, FHA)

April 16, 2018

100% Financing Home Loans for New and Repeat Home Buyers 100% financing home loans are mortgages that finance the entire purchase price of a home, eliminating the need for a […]

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Current Mortgage Interest Rates

What Is Private Mortgage Insurance?

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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

Tap into Home Equity with an FHA Cash Out Refinance

Investment Property Cash Out Refinance | 2019 Guidelines

VA Streamline (IRRRL) Refinance Loan: Easier Refinancing for Veterans

Can I Use an FHA Refinance to Remove a Borrower?

100% Financing Home Loans 2019 (USDA, VA, FHA)

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