August 11, 2022
What happens when a property is being sold as-is and the seller will not do repairs but the home doesn’t meet FHA minimum property standards (MPS)? How does the buyer […]
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FHA Loans · Home Buying · Understanding Mortgages
August 11, 2022
There are quite a few loan options available to buy fixer-upper homes. “By buying a fixer-upper, you can definitely increase the value of the home as it appreciates and as […]
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Ask Tim · Conventional Loans · FHA Loans · Private Mortgage Insurance
August 11, 2022
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 · FHA Loans · USDA Home Loans · VA Home Loans
July 25, 2022
Low down payment 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 […]
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Ask Tim · FHA Loans · News · Refinance
July 25, 2022
The FHA streamline refinance allows borrowers to reduce their rate with no pay stubs, no W2s, and no appraisal. But is an FHA streamline possible while simultaneously removing a borrower […]
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June 13, 2022
As more and more baby boomers retire, the consideration of a reverse mortgage has become relatively common. Although reverse mortgages have been around for years in various formats, the reverse […]
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Conventional Loans · FHA Loans · Home Buying · Private Mortgage Insurance
June 1, 2022
More and more borrowers today are looking for ways to finance their home purchase without making a full 20% down payment. As FHA continues to increase fees, many are turning […]
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FHA Loans · Home Buying · Refinance
June 1, 2022
Quite simply, a reverse mortgage is a loan that pays the borrower instead of the borrower paying the loan. Also known as a Home Equity Conversion Mortgage, or HECM (pronounced […]
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FHA Loans · Home Buying · News
June 1, 2022
As of June 3, 2013, all new FHA loans will undergo some significant changes that could cost homebuyers a lot of money. The change is one of the most dramatic […]
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May 4, 2022
If you’re thinking about homeownership, you may have heard that you must save a 20% down payment before you can consider buying a home. The good news is that’s not […]
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