August 11, 2022
When it comes to buying or refinancing a home, the first questions that typically come to mind are the ones associated with interest rate, monthly payment, and closing costs. After […]
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August 11, 2022
Question: We received a letter from our lender saying our mortgage has been sold to someone else. Have we done something wrong? Is there some kind of problem here? Answer: […]
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Cash Out Refinance · Refinance
August 11, 2022
On the surface, applying for a cash-out refinance mortgage sounds like a no-brainer. You may be able to lower your interest rate, plus you walk away with some cash. But, […]
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August 11, 2022
A conventional refinance is any refinance loan that conforms to guidelines set by Fannie Mae or Freddie Mac. This type of refinance is available with as little as 3% equity […]
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FHA Loans · Home Buying · Understanding Mortgages
August 11, 2022
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
August 11, 2022
Those with disabilities and disability income can qualify for these special home buying programs as well as standard mortgage loans. Qualifying for a mortgage with disability income Life hasn’t always […]
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August 11, 2022
A mortgage pre-approval letter is a document from a lender confirming their willingness to lend you a specified maximum amount of money.
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Ask Tim · Conventional Loans · FHA Loans · Private Mortgage Insurance
August 11, 2022
Q: I have good credit of about 730. I meet the requirements for both FHA and Conventional 97. I plan to live in the home for 6+ years. Which has […]
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Refinance · Understanding Mortgages
August 11, 2022
Refinancing can mean lower payments, less total interest costs over the life of the loan, and possibly some extra cash for home improvements. Currently, interest rates are at historic lows […]
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August 1, 2022
Why take an adjustable-rate mortgage (ARM)? Why not just take a fixed rate and not worry about what rates might do in the future? That’s a fair question, and a […]
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