Understanding Mortgages | My Mortgage Insider

New Loan Program Requires 3% Down No Mortgage Insurance

Home Buying · News · Understanding Mortgages

Avoid PMI Without 20% Down | Guide 2022

May 2, 2022

“Affordable Loan Solution” Program Offers 3% Down Loan A new loan program requires just 3 percent down and no mortgage insurance. The “Affordable Loan Solution” mortgage is a new conventional […]

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Home Buying · Understanding Mortgages

Cosigning a Mortgage for an Adult Child

April 29, 2022

Your adult child is hardworking and responsible. But because of their lack of credit history, stricter lending regulations or too many student loans, it is almost impossible for them to […]

Home Buying · Understanding Mortgages

Low Appraisals in a Hot Market | 2022

April 26, 2022

Due to increased demand and low real estate inventory, most parts of the U.S. are currently in a seller’s market. This is great news if you’re trying to sell a […]

How to write a mortgage letter of explanation

Home Buying · Understanding Mortgages

How to Write a Letter of Explanation | Template & Examples

April 19, 2022

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. Standard mortgage forms often don’t […]

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Understanding Mortgages

Can I Change My Job Prior To Buying A Home? | 2022

February 23, 2022

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

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News · Understanding Mortgages

Stated Income Loans Available in 2022

February 19, 2022

Stated income loans are making a comeback — sort of. Extremely popular in the early 2000s, stated income loans were one of the factors of the housing market collapse. Why? […]

Understanding Mortgages

Conventional Loan Limits 2022

February 18, 2022

Most conventional mortgages come with caps on the amount you can borrow. These are called “conventional loan limits” or sometimes “conforming loan limits.”

Understanding Mortgages

How To Calculate Self Employment Income for a Mortgage | 2022

February 1, 2022

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 […]

5 Year Mortgage Rates Chart with 8 and 15 year amortization

Mortgage Rates · Understanding Mortgages

5-Year Fixed Mortgage Rates and Loan Programs

January 29, 2022

Fixed mortgages with shorter terms can create incredible interest savings. Not a lot of lenders offer short-term mortgage loans. The good news is you can create your own 5-year fixed-rate […]

Understanding Mortgages

Get A Mortgage After Retirement | How To Qualify 2022

January 27, 2022

Can you get a mortgage if you’re retired, even though you no longer receive a regular paycheck? The good news: Yes, you can. Though, qualifying for a mortgage with retirement […]

Category: Understanding Mortgages

Avoid PMI Without 20% Down | Guide 2022

Cosigning a Mortgage for an Adult Child

More

Low Appraisals in a Hot Market | 2022

How to Write a Letter of Explanation | Template & Examples

Can I Change My Job Prior To Buying A Home? | 2022

Stated Income Loans Available in 2022

Conventional Loan Limits 2022

How To Calculate Self Employment Income for a Mortgage | 2022

5-Year Fixed Mortgage Rates and Loan Programs

Get A Mortgage After Retirement | How To Qualify 2022

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