Conventional Loan Limits 2021
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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FHA Loans · Home Buying · Understanding Mortgages
Buying a Fixer Upper: What Kinds of Fixer Upper Loans are Available?
March 5, 2021
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 as […]
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Home Buying · Understanding Mortgages
Can you Get a Mortgage with Disability Income?
March 5, 2021
Those with disabilities and disability income can qualify for these special home buying programs as well as standard mortgage loans. Check your loan eligibility today. Life hasn’t always been easy […]
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Home Buying · Understanding Mortgages
The Best Way to Buy a Home for a Disabled Adult Child
March 5, 2021
Typically those who buy a home can only take advantage of the best interest rates and mortgage terms if it is an “owner-occupied” property, meaning they plan to live in […]
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News · Understanding Mortgages
Stated Income Loans, plus Alternative Documentation Loans for 2021
February 11, 2021
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 · Understanding Mortgages
Getting a U.S. Mortgage as a Permanent or Non-permanent Resident Alien
January 27, 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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FHA Loans · Understanding Mortgages
Senior Citizens Can Be Successful at Getting Mortgages
January 18, 2021
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
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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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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Tim Lucas
Mortgage expert Tim Lucas has been helping home owners for over 12 years.
