Home Buying · Understanding Mortgages
Borrow From Your 401k to Buy A Home
July 7, 2021
Saving up money for a down payment and closing costs to buy a house is one of the basic requirements in order to qualify for a home loan. It can […]
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Second Mortgages: The Complete Guide
July 7, 2021
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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Conventional Loans · Home Buying · Understanding Mortgages
Fannie Mae Family Opportunity Mortgage | 2021 Guidelines
June 18, 2021
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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Home Buying · Understanding Mortgages
Permanent vs Non-Permanent Resident Alien Mortgage Options
June 18, 2021
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 -sponsored […]
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Home Buying · News · Understanding Mortgages
Avoid PMI Without 20% Down | Guide 2022
May 20, 2021
“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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What mortgage rate can you get with an 800 credit score?
May 20, 2021
FICO scores range from 300-850 — so getting in the 800s can be a feat. Fortunately, there are benefits to having a higher credit score. A high credit score makes […]
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What’s the difference between interest rate and APR?
May 19, 2021
What’s the difference between interest rate and APR? The interest rate is the amount a lender charges you for a loan, expressed as a percentage of the total loan amount. […]
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Home Buying · Understanding Mortgages · USDA Home Loans
USDA Loan: First Time Home Buyer’s Guide
April 6, 2021
First Time Home Buyer’s Guide to USDA Loans First-time home buyers may find the most challenging part of buying a home is coming up with the down payment. But many […]
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Cash Out Refinance · Refinance · Understanding Mortgages
What is a Cash Out Refinance?
March 10, 2021
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 Loan Limits 2022
March 8, 2021
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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Tim Lucas
Mortgage expert Tim Lucas has been helping home owners for over 12 years.
