Conventional Loans · Home Buying · Understanding Mortgages
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
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
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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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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May 4, 2021
The short answer is changing jobs can affect your loan approval. From your mortgage lender’s perspective, your employment history and income are paramount to your ability to make your payments. […]
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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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Cash Out Refinance · Refinance · Understanding Mortgages
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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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
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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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
