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 […]
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FHA Loans · Understanding Mortgages
January 18, 2022
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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Conventional Loans · Home Buying · Understanding Mortgages
January 18, 2022
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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Conventional Loans · Understanding Mortgages
November 22, 2021
Comparing fixed-rate and adjustable-rate mortgages Most home shoppers choose fixed-rate mortgages without much thought about adjustable-rate mortgages. But you may be surprised to learn both types of mortgages have advantages. […]
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Home Buying · Understanding Mortgages
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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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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Home Buying · Understanding Mortgages
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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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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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
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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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
