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.
Conventional Loans · FHA Loans · Home Buying · News · Private Mortgage Insurance
July 25, 2022
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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July 25, 2022
If you are serious about buying a house in the next few months, there is one thing you should do right away: get a mortgage pre-approval. It could be your […]
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Home Buying · Mortgage Strategy
July 25, 2022
When buying a home, the biggest upfront expense is likely to be the down payment. Even if future homeowners can reasonably afford monthly mortgage payments, the initial cost of purchasing […]
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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 · Home Buying · Understanding Mortgages
July 25, 2022
You can buy a house for an elderly parent and get better interest rates by classifying it as “owner occupied.” The Family Opportunity Mortgage is a great way to help aging parents.
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Home Buying · Understanding Mortgages
July 25, 2022
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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July 25, 2022
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 · Niche Mortgage Products
July 25, 2022
Fannie Mae is on a mission to make home buying easier. Here are a few of the highlights of the HomeReady Mortgage program: As little as 3% down payment Lower […]
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Home Buying · Understanding Mortgages · USDA Home Loans
July 25, 2022
First-time home buyers may find the most challenging part of buying a home is coming up with the down payment. But many home loans today require a very small down […]
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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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