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 […]
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Home Buying · 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
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 […]
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Conventional Loans · News · Refinance
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 […]
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Conventional Loans · Home Buying · News
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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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 […]
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Mortgage Rates · News · VA Home Loans
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. […]
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Ask Tim · FHA Loans · News · Refinance
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 […]
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February 22, 2018
Just because you don’t make a lot of money does not mean you will not qualify for a mortgage. Quite the contrary. Thanks to many low income home loans available […]
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Home Buying · News · USDA Home Loans
January 25, 2018
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 with zero down […]
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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
