Home Buying · News · Understanding Mortgages
February 25, 2020
“Affordable Loan Solution” 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 loan program […]
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February 24, 2020
After years of managing their money well, some people find themselves with credit scores of 800 or higher. FICO scores range from 300-850 — so getting in the 800s can […]
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Home Buying · Understanding Mortgages · USDA Home Loans
February 17, 2020
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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Home Buying · Understanding Mortgages
February 13, 2020
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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FHA Loans · Understanding Mortgages
February 11, 2020
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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Home Buying · Understanding Mortgages
February 10, 2020
Your adult child is hard working and responsible. But because of their lack of credit history, stricter lending regulations or too many student loans, it is almost impossible for them […]
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News · Understanding Mortgages
January 28, 2020
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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Home Buying · Mortgage Rates · Understanding Mortgages
January 24, 2020
How interest rates affect buying a home How do interest rates affect buying power when you’re searching for your next home? Will you have to settle for a less-nice house […]
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Home Buying · Understanding Mortgages
January 21, 2020
Although you’re not likely to see or hear from this person during the mortgage loan process, the underwriter decides whether to approve, suspend or deny your home-buying loan. That’s where […]
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Home Buying · Understanding Mortgages
January 15, 2020
If you’re in the market for a new home but don’t have time to wade through scores of applications or shop around for the best mortgage rates and terms, a […]
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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
