Conventional Loan Limits 2021
November 3, 2020
Most conventional mortgages come with caps on the amount you can borrow. These are called “conventional loan limits” or sometimes “conforming loan limits.”
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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 […]
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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 […]
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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.
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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.
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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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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 […]
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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 […]
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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 […]
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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 […]
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Tim Lucas
Mortgage expert Tim Lucas has been helping home owners for over 12 years.
