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.
July 25, 2022
The news is inundated with stories of lenders making it tough for some borrowers to qualify for mortgage loans. But while that can be true, borrowers with unique circumstances shouldn’t […]
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Home Buying · Understanding Mortgages
July 25, 2022
Typically those who buy a home can only take advantage of the best interest rates and mortgage terms if it is an “owner-occupied” property, meaning they plan to live in […]
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Conventional Loans · FHA Loans · USDA Home Loans · VA Home Loans
July 25, 2022
Low down payment mortgage options Many home buyers believe they need a 20% downpayment to buy a home. This misconception could stop buyers before they start, and cost them years […]
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Ask Tim · FHA Loans · News · Refinance
July 25, 2022
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 […]
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Ask Tim · Credit · Home Buying
July 25, 2022
Can you buy a home after a foreclosure? Buying again after a foreclosure, short sale, or deed-in-lieu of foreclosure can be done, with some hard work — and waiting. Mortgage […]
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July 25, 2022
Editor’s note: The USDA streamline refinance pilot program has been rolled out nationwide. It is now available in all 50 states and is called the USDA streamlined-assist refinance. The USDA […]
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July 24, 2022
Most mortgages and refinance loans require a new home appraisal to find the fair market value of the home. A home appraisal helps a mortgage lender to ensure the home […]
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June 18, 2022
As the housing market continues to come back to life, one of the fallouts over the past year or so has been low valuations in home appraisals, according to the […]
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June 13, 2022
As more and more baby boomers retire, the consideration of a reverse mortgage has become relatively common. Although reverse mortgages have been around for years in various formats, the reverse […]
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June 2, 2022
What are closing costs? Any home loan — whether to purchase a new home or refinance a current loan — will come with closing costs. Closing costs cover a variety […]
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