Conventional Loans · FHA Loans · Home Buying
August 13, 2021
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. Gift […]
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Conventional Loans · FHA Loans · USDA Home Loans · VA Home Loans
August 6, 2021
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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February 10, 2021
What the minimum down payment requirement for a conventional loan? Although most people assume they need a 20% down payment to buy a home, there are low down payment conventional […]
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Conventional Loans · FHA Loans · Home Buying · News · Private Mortgage Insurance
January 28, 2021
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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January 22, 2021
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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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 · 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 · 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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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
