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.
Home Buying · Understanding Mortgages
November 15, 2022
Saving up money for a down payment and closing costs to buy a house is one of the basic requirements in order to qualify for a home loan. It can […]
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November 15, 2022
Since 2009, USDA home loans have helped over 650,000 families buy a home with zero down payment. The popularity of this home loan is no surprise. It’s one of the […]
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November 15, 2022
In a rising market, like the one many home buyers are experiencing, it’s possible for buyers to come up short on financing when the appraised home value is less than […]
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Home Buying · Understanding Mortgages
November 15, 2022
Many home buyers find themselves in situations where they want or need to pay cash for a home. Maybe the home is in disrepair and not eligible for financing. Maybe […]
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Mortgage Rates · News · VA Home Loans
November 15, 2022
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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August 11, 2022
What happens when a property is being sold as-is and the seller will not do repairs but the home doesn’t meet FHA minimum property standards (MPS)? How does the buyer […]
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August 11, 2022
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 · Understanding Mortgages
August 11, 2022
There are quite a few loan options available to buy fixer-upper homes. “By buying a fixer-upper, you can definitely increase the value of the home as it appreciates and as […]
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Ask Tim · Conventional Loans · FHA Loans · Private Mortgage Insurance
August 11, 2022
Q: I have good credit of about 730. I meet the requirements for both FHA and Conventional 97. I plan to live in the home for 6+ years. Which has […]
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August 1, 2022
Why take an adjustable-rate mortgage (ARM)? Why not just take a fixed rate and not worry about what rates might do in the future? That’s a fair question, and a […]
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