Second Mortgages | What To Know 2026
With a second mortgage, a homeowner can borrow against their home equity, usually at a lower rate than unsecured loans charge.
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Understanding Mortgages
Conventional Loan Limits 2026
Most conventional mortgages come with caps on the amount you can borrow. These are called “conventional loan limits” or sometimes “conforming loan limits.”
Best Home Loans for Senior Citizens in 2026
Home loans for seniors helped a couple in their mid-70s move closer to their children and grandchildren. They recently purchased a home and got a mortgage. The couple…
Avoid PMI Without 20% Down | Guide 2026
“Affordable Loan Solution” program offers 3% down loan The “Affordable Loan Solution” mortgage is a low down payment loan program from Bank of America. It requires just 3…
How To Calculate Self-Employment Income for a Mortgage | 2026
When you apply for a mortgage, the lender will calculate your income to check whether you can afford regular house payments. For self-employed borrowers, that calculation works differently.…
Fannie Mae Family Opportunity Mortgage | 2026 Guidelines
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…
Permanent vs Non-Permanent Resident Alien Mortgage Options
Resident aliens 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…
What mortgage rate can you get with an 800 credit score?
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. One shows up in…
How to Write a Letter of Explanation | Template & Examples
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…
Paying Cash for a House : Reimbursement via the “Delayed Financing” Cash Out Refinance
Many home buyers find themselves in situations where they want or need to pay cash for a home. Delayed financing lets them get some or all of that…