The housing market is stabilizing, and homes are appreciating again. With today’s low interest rates and affordable home prices, it’s a great time to buy.
Ask Tim · Credit · Home Buying
February 25, 2020
Buying again after a foreclosure, short sale, or deed-in-lieu of foreclosure can be done, with some hard work — and waiting. Lenders don’t like to see a foreclosure on your […]
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Home Buying · Mortgage Strategy
February 24, 2020
When buying a home, the biggest upfront expense is likely to be the down payment. Although future homeowners can reasonably afford monthly mortgage payments, the initial cost of purchasing a […]
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Conventional Loans · FHA Loans · Home Buying · News · Private Mortgage Insurance
February 21, 2020
An 80 10 10 loan is a mortgage option in which a home buyer receives a first and second mortgage simultaneously, covering 90% of the home’s purchase price. The buyer puts just 10% down. This loan type is also known as a piggyback mortgage.
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Home Buying · Niche Mortgage Products
February 21, 2020
Fannie Mae is on a mission to make home buying easier. With its new HomeReady mortgage, the giant mortgage backer looks to help first time home buyers and repeat buyers […]
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Conventional Loans · Home Buying · News
February 19, 2020
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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Home Buying · Understanding Mortgages · USDA Home Loans
February 17, 2020
First Time Home Buyer’s Guide to USDA Loans First-time home buyers may find the most challenging part of buying a home is coming up with the down payment. But many […]
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February 14, 2020
Have you found a home that you love, but it’s in bad shape? The 203k loan may be a perfect way to purchase a home that is a little rough […]
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Home Buying · Investment Properties
February 13, 2020
Ever wondered if you can buy a home and get someone else to pay your mortgage? You could do just that with the right property, the right mortgage, and the […]
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Home Buying · Understanding Mortgages
February 13, 2020
Residents with green cards and work visas can qualify for a U.S. mortgage even if they are not U.S. citizens. In fact, these home buyers can qualify for government-backed and -sponsored […]
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Home Buying · Understanding Mortgages
February 10, 2020
Your adult child is hard working and responsible. But because of their lack of credit history, stricter lending regulations or too many student loans, it is almost impossible for them […]
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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
