Flood Zones: Do You Need Flood Insurance?
Everyone enjoys a nice rain but no one enjoys a flood. Prospective home buyers are made aware that a particular home they are interested in is in a…
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Tim Lucas
Tim Lucas (NMLS #118763) was an editor of MyMortgageInsider.com. He has appeared on Time.com, Realtor.com, Scotsman Guide, and more.
Articles by Tim Lucas
What is Earnest Money?
As you’ve searched for your next home, you finally arrive at the perfect property. You and your agent successfully negotiate the terms of the sales contract. Your next…
5 Tips When Buying a Rental Home
With home prices that appear to be stabilizing in many parts of the country, many are considering investing in real estate yet again. Historically, owning real estate is…
FHA Streamline Refinance Frequently Asked Questions
The FHA streamline program is a refinance option with relaxed credit and underwriting guidelines. Current FHA homeowners can lower their rate and payment without nearly as much paperwork…
VA Refinance: Removing a Borrower From the Loan
The VA streamline refinance, also known as an IRRRL, has helped many US military veterans and service members lower their mortgage rate and house payment. While the VA…
Get Lower Mortgage Rates: Be a Low-Risk Borrower
Lenders determine a different mortgage rate and fee structure for each home loan applicant that comes through their door. This practice seems odd in today’s market, where news…
5 Common Mortgage Mistakes To Avoid
It’s all about common sense. You apply for a mortgage, and the lender expects you to be completely open about your financial picture and to use common sense…
Don’t Let Common Home-buying Fears Keep You From Homeownership
Buying a home can be an overwhelming experience for the first-timer. It’s a step toward the unknown because, by definition, a first-time buyer has never done this before.…
VA Energy Efficient Mortgage Guidelines 2026
A VA streamline refinance, also known as an IRRRL, allows US military veterans and service members to lower their rate and payment with very little documentation. Another advantage…
A 1% Rate Increase Can Cut Your Buying Power by 9% or More
How interest rates affect buying a home How do interest rates affect buying power when you’re searching for your next home? Will you have to settle for a…