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.
Read More...
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 […]
Read More...
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 […]
Read More...
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 […]
Read More...
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 […]
Read More...
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 […]
Read More...
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 […]
Read More...
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 […]
Read More...
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 […]
Read More...
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 […]
Read More...
Mortgage expert Tim Lucas has been helping home owners for over 12 years.
