Ask Tim · Conventional Loans · FHA Loans · Private Mortgage Insurance

What is the Difference Between an FHA and Conventional Loan in Cost and Benefits?

January 7, 2020

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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Conventional Loans · Home Buying

Buy a House in 2020 with a Conventional Loan

January 1, 2020

Also known as conforming loans, conventional loans “conform” to a set of standards set by Fannie Mae and Freddie Mac. Conventional loans boast great rates, lower costs, and homebuying flexibility. So, it’s […]

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Conventional Loans · News · Refinance

Conventional Refinance Rates, 2020 Loan Limits and Guidelines

January 2, 2019

A conventional refinance is the loan of choice for many homeowners in today’s market. While HARP and FHA have dominated the refinance market in years past, the standard conventional refinance is becoming […]

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Conventional Loans · Home Buying · News

Conventional 97% LTV Program: Buy a Home with 3% Down In 2020

January 2, 2019

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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Conventional Loans · FHA Loans · Home Buying · News · Private Mortgage Insurance

Piggyback 80 10 10 Loans Will Save You Money in 2020

January 16, 2017

80 10 10 Loans for Today’s Home Buyer An 80 10 10 loan is a mortgage option in which a home buyer receives a first and second mortgage simultaneously, covering 90% of […]

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Conventional Loans · News

Mortgage Approval Became Easier In November

December 29, 2016

Many home buyers noticed the rising rates throughout the month of November. However, some may be surprised to find out that it actually became slightly easier to be qualified for […]

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Conventional Loans

Conventional Streamline Refinance Guidelines and Rates 2020

December 1, 2016

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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Conventional Loans · FHA Loans · Home Buying

Down Payment Gift Money for First Time and Repeat Home Buyers

November 19, 2016

One thing you should know as a first time or repeat home buyer is that mortgage lenders allow financial gifts to be used toward the down payment on a house. […]

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Conventional Loans · Private Mortgage Insurance

How to Avoid Paying PMI

August 30, 2016

Mortgage insurance is an added expense homeowners pay to help protect lenders. If you don’t put 20 percent down on a conventional loan or if you choose an FHA or […]

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Conventional Loans · FHA Loans · USDA Home Loans · VA Home Loans

Mortgages That Don’t Require A 20% Downpayment

March 22, 2016

Low Downpayment 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 of […]

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