September 6, 2023
With a second mortgage, a homeowner can borrow at a very low interest rate, using his or her equity in the home as security.
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September 6, 2023
Let’s explore the best loans for home improvement and which ones might suit your specific needs and finances.
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Home Buying · Understanding Mortgages
August 31, 2023
When the housing market collapsed in 2008, adjustable-rate mortgages took some of the blame. They lost more appeal during the pandemic when fixed mortgage rates bottomed out at all-time lows. […]
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Home Buying · Understanding Mortgages
July 20, 2023
Residents with green cards and work visas can qualify for a U.S. mortgage even if they are not U.S. citizens. In fact, these home buyers can qualify for government-backed and […]
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News · Understanding Mortgages
July 17, 2023
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? […]
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FHA Loans · Understanding Mortgages
July 17, 2023
A couple in their mid-70s just recently purchased a home and got a mortgage to move closer to their children and grandchildren. They decided on Home Equity Conversion Mortgages (HECM) […]
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Mortgage Rates · Understanding Mortgages
June 30, 2023
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 […]
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Home Buying · News · Understanding Mortgages
June 30, 2023
“Affordable Loan Solution” program offers 3% down loan The “Affordable Loan Solution” mortgage is a conventional loan program from Bank of America intended to be a less expensive option than […]
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June 30, 2023
When you apply for a mortgage, the lender will check your monthly income to make sure you can afford to make regular house payments. For some borrowers, monthly income isn’t […]
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Conventional Loans · Home Buying · Understanding Mortgages
June 30, 2023
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.
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