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.
January 1, 2021
A conventional refinance is any refinance loan that conforms to guidelines set by Fannie Mae or Freddie Mac. This type of refinance is available with as little as 3% equity […]
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FHA Loans · Home Buying · USDA Home Loans · VA Home Loans
January 1, 2021
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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Conventional Loans · FHA Loans · Home Buying · News · Private Mortgage Insurance
January 1, 2021
An 80 10 10 loan is a mortgage option in which a home buyer receives a first and second mortgage simultaneously, covering 90% of the home’s purchase price. The buyer puts just 10% down. This loan type is also known as a piggyback mortgage.
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Home Buying · News · USDA Home Loans
January 1, 2021
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 […]
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Conventional Loans · FHA Loans · Private Mortgage Insurance · Refinance
January 1, 2021
An FHA loan sounded like a good idea at the time. Now, not so much. That’s what many FHA home buyers are saying. The reason: high mortgage insurance premiums, month […]
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January 1, 2021
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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January 1, 2021
Editor’s Note: The HARP program expired December 31, 2018, and a popular replacement option, the Freddie Mac Enhanced Relief Refinance (FMERR) loan expired September 30, 2019. However, Fannie Mae’s High […]
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Conventional Loans · News · Refinance
January 1, 2021
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 […]
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Home Buying · Niche Mortgage Products
January 1, 2021
Fannie Mae is on a mission to make home buying easier. Here are few of the highlights of the HomeReady Mortgage program: As little as 3% down payment Lower private […]
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