Tim Lucas (NMLS #118763 ) is an editor of MyMortgageInsider.com. He has appeared on Time.com, Realtor.com, Scotsman Guide, and more. You can connect with Tim on his website, ThisIsMortgage.com.
January 4, 2024
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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Home Buying · Investment Properties
January 4, 2024
Renting out your home could be the right choice if you want to buy another home. The choice to rent out your original home could create additional cash flow that […]
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Conventional Loans · FHA Loans · Home Buying · News · Private Mortgage Insurance
January 3, 2024
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 · Niche Mortgage Products
January 3, 2024
Fannie Mae is on a mission to make home buying easier. Here are a few of the highlights of the HomeReady Mortgage program: Is HomeReady only for first-time homebuyers? With […]
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January 3, 2024
With minimum down payments of 3.5%, competitive interest rates, and lenient credit guidelines, FHA loans have enabled millions of people to buy homes when they couldn’t qualify for a mortgage […]
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Home Buying · Investment Properties
January 3, 2024
Have you ever wondered whether it’s possible to buy a multifamily property and live in one of the units while renting the others? This isn’t as difficult as you might […]
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Conventional Loans · Home Buying
January 3, 2024
Most conventional loans are what’s known as “conforming loans,” which “conform” to a set of standards set by Fannie Mae and Freddie Mac. Conventional loans boast great rates, lower costs, […]
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January 2, 2024
If you’re using an FHA loan to buy a condo, you might be surprised to find out that not all condo projects are approved for FHA financing. But that doesn’t […]
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Conventional Loans · FHA Loans · Private Mortgage Insurance · Refinance
January 2, 2024
FHA loans are popular for a good reason. They help home buyers especially first-time home buyers — get competitive mortgage rates even if they have lower credit scores or higher […]
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January 2, 2024
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 or second homes. While they […]
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