Understanding Mortgages | My Mortgage Insider

5 Year Mortgage Rates Chart with 8 and 15 year amortization

Mortgage Rates · Understanding Mortgages

5 Year Fixed Mortgage Rates and Loan Programs

October 5, 2020

You can create your own 5-year fixed mortgage and own your home outright in five years. Fixed mortgages with shorter terms can create incredible interest savings. But shorter-term mortgages also […]

How to write a mortgage letter of explanation

Home Buying · Understanding Mortgages

How to Write a Letter of Explanation | Template and Examples

September 16, 2020

When you’re asked to write a letter of explanation by a mortgage underwriter, look at this as a valuable opportunity to clearly communicate your situation. The letter of explanation may […]

Cash Out Refinance · Refinance · Understanding Mortgages

What is a Cash Out Refinance?

July 22, 2020

A cash out refinance can put money in your pocket or pay off big debts. Here are some guidelines and things to think about before opening a cash out loan.

Conventional Loans · Home Buying · Understanding Mortgages

Buy a Home for an Elderly Parent and Get Lower Interest Rates

May 12, 2020

You can buy a house for an elderly parent and get better interest rates by classifying it as “owner occupied.” The Family Opportunity Mortgage is a great way to help aging parents.

Understanding Mortgages

Is Your Self-Employed Income Enough to Buy a Home?

May 10, 2020

When applying for a mortgage, the lender will make sure the borrower can afford the new mortgage payment. This is determined by comparing the borrower’s proposed housing payment with their […]

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Understanding Mortgages

A Complete Guide to Home Loan Closing Costs

April 24, 2020

What are closing costs? Any home loan — whether its to purchase a new home or to refinance a current loan — will come with closing costs. Closing costs cover […]

brick-brownstone-with-trees-and-bicycle-on-sidewalk

Understanding Mortgages

Job Change Prior to Closing: What to Do

April 2, 2020

The short answer is changing jobs can affect your loan approval. From your lender’s perspective, your employment history and income are paramount to your ability to make your payments. That […]

Home Buying · Understanding Mortgages

Can you Get a Mortgage with Disability Income?

March 18, 2020

Those with disabilities and disability income can qualify for these special home buying programs as well as standard mortgages. Check your loan eligibility today. Life hasn’t always been easy for […]

FHA Loans · Home Buying · Understanding Mortgages

Buying a Fixer Upper: What Kinds of Fixer Upper Loans are Available?

March 17, 2020

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 […]

Parents can Buy a Home for a Disabled Child

Home Buying · Understanding Mortgages

The Best Way to Buy a Home for a Disabled Adult Child

March 13, 2020

Typically those who buy a home can only take advantage of the best interest rates and terms if it is an “owner occupied” property, meaning they plan to live in […]

Category: Understanding Mortgages

5 Year Fixed Mortgage Rates and Loan Programs

How to Write a Letter of Explanation | Template and Examples

More

What is a Cash Out Refinance?

Buy a Home for an Elderly Parent and Get Lower Interest Rates

Is Your Self-Employed Income Enough to Buy a Home?

A Complete Guide to Home Loan Closing Costs

Job Change Prior to Closing: What to Do

Can you Get a Mortgage with Disability Income?

Buying a Fixer Upper: What Kinds of Fixer Upper Loans are Available?

The Best Way to Buy a Home for a Disabled Adult Child

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