August 13, 2021
With home prices rising in some areas, a pre-foreclosed home can be quite attractive financially. When a property is in pre-foreclosure, the owner still has a chance to ward off […]
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Conventional Loans · VA Home Loans
August 13, 2021
The rule is simple: If you’re eligible for a VA loan, it’s likely that this will be your best loan option. But while this is usually true, there are some […]
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Conventional Loans · FHA Loans · Home Buying
August 13, 2021
One thing you should know as a first-time or repeat home buyer is that mortgage lenders allow financial gifts to be used toward the down payment on a house. Gift […]
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Niche Mortgage Products · Refinance
August 12, 2021
What are RefiNow and Refi Possible? RefiNow and Refi Possible are new refinance programs available to homeowners with existing conventional mortgages owned by Fannie Mae or Freddie Mac. They’re open […]
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Conventional Loans · Home Buying · News
August 10, 2021
What is a Conventional 97 Loan Program? The 97% loan-to-value (LTV) purchase program allows homebuyers to purchase a single-family home, condo, co-op, or PUD with just a 3% down payment. […]
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Conventional Loans · FHA Loans · USDA Home Loans · VA Home Loans
August 6, 2021
Low Downpayment Mortgage Options Many home buyers believe they need a 20% downpayment to buy a home. This misconception could stop buyers before they start, and cost them years of […]
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Ask Tim · Conventional Loans · FHA Loans · Private Mortgage Insurance
August 6, 2021
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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August 6, 2021
Mobile homes, also known as manufactued homes, represent more than one out of ten new homes built and provide an affordable alternative for home ownership. Less expensive than both new […]
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August 6, 2021
Can you get a mortgage if you’re retired, even though you no longer receive a regular paycheck? The good news: Yes, you can. Though, qualifying for a mortgage with retirement […]
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August 6, 2021
When a first-time homebuyer hears the word “mortgage,” they don’t often think of it as a product. The idea they can comparison shop for one seems strange — isn’t loan […]
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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
