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
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
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 · Understanding Mortgages
March 17, 2016
Comparing Fixed-Rate and Adjustable-Rate Mortgages For some home shoppers, deciding between a fixed-rate mortgage and an adjustable-rate mortgage is an easy decision. However, you may be surprised to hear about […]
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Conventional Loans · FHA Loans · News
February 11, 2015
Many people just couldn’t afford or get a conventional loan. If you don’t have 10 or 20 percent down, it can be quite hard to get that conventional loan without […]
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December 12, 2014
Homeowners who have been locked out of HARP may have another chance to refinance with Fannie Mae’s new conventional 97% LTV “mini-HARP 3.0” program. Fannie Mae and Freddie Mac announced […]
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September 5, 2014
If there’s one truth about home buying after the housing market crash, it’s been anything but conventional. That’s because lenders tightened their grip on loans, making qualifications stricter, and therefore […]
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August 13, 2014
A conventional loan offers low rates, few fees, and an easy approval process. Through home finance history, conventional loans have been the first choice for most people buying or refinancing […]
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Conventional Loans · Home Buying
April 26, 2014
Editor’s note: Fannie Mae discontinued the HomePath program on October 6, 2014. Buyers must have had a completed home purchase contract dated on or before this date to use the […]
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Conventional Loans · FHA Loans · Home Buying · Private Mortgage Insurance · USDA Home Loans · VA Home Loans
April 23, 2014
One of the most common misconceptions about mortgages is that you need 20% down to buy a home. Nothing could be further from the truth. The fact is that there […]
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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
