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.
Conventional Loans · Home Buying
May 2, 2022
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 […]
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May 2, 2022
Low Income Home Loan Options Give You Hope Thanks to the many low-income home loans available today, you can be a homeowner even if you don’t make a lot of […]
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Conventional Loans · FHA Loans · Private Mortgage Insurance · Refinance
March 30, 2022
An FHA loan sounded like a good idea at the time. But now that you’re paying high mortgage insurance premiums, month after month and year after year, you might not […]
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Conventional Loans · FHA Loans · Home Buying · Private Mortgage Insurance
March 8, 2022
It’s not always an easy choice. FHA and conventional loans are both widely available, and both can offer competitive mortgage rates. FHA has typically been the mortgage loan of choice […]
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Home Buying · Investment Properties
March 1, 2022
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 · Home Buying · News
February 1, 2022
What is a Conventional 97 Loan Program? The 97% loan-to-value (LTV) purchase program allows homebuyers to purchase a single-family home, condo, co-op, or PUD with just a 3% down payment. […]
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Mortgage Rates · Understanding Mortgages
January 29, 2022
Fixed mortgages with shorter terms can create incredible interest savings. Not a lot of lenders offer short-term mortgage loans. The good news is you can create your own 5-year fixed-rate […]
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January 28, 2022
Mobile homes, also known as manufactued homes, represent more than one out of ten new homes built and provide an affordable alternative for home ownership. Less expensive than both new […]
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January 27, 2022
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 27, 2022
Editor’s Note: The HARP program expired December 31, 2018. The Freddie Mac Enhanced Relief Refinance (FMERR) loan program is a popular replacement option. Plus, Fannie Mae’s High LTV Refinance Option […]
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