October 2, 2019
In 2018, the VA guaranteed 610,512 home loans. In 2019, it celebrated its 24-millionth borrower. It’s easy to see why these mortgages are so popular. Not only are they available […]
Read More...
Refinance · Understanding Mortgages
September 24, 2019
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 […]
Read More...
Home Buying · Mortgage Strategy
September 10, 2019
When buying a home, the biggest upfront expense is likely to be the down payment. Although future homeowners can reasonably afford monthly mortgage payments, the initial cost of purchasing a […]
Read More...
Refinance · Understanding Mortgages
August 30, 2019
With home values rising in most areas of the country, many homeowners are interested in a home equity line of credit to access cash — especially to fund remodel projects […]
Read More...
Cash Out Refinance · Refinance
August 27, 2019
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, […]
Read More...
July 15, 2019
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 […]
Read More...
News · Understanding Mortgages
June 28, 2019
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? […]
Read More...
Cash Out Refinance · Refinance · Understanding Mortgages
June 25, 2019
Many homeowners dream of having their own swimming pools, especially after the heat of summer settles in. But after checking the price tag, a lot of would-be pool owners give […]
Read More...
June 10, 2019
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 […]
Read More...
FHA Loans · Home Buying · USDA Home Loans · VA Home Loans
June 4, 2019
100% financing home loans are essentially no money down home loans — they’re mortgages that finance the entire purchase price and eliminate the need for a down payment. Large down […]
Read More...
Mortgage expert Tim Lucas has been helping home owners for over 12 years.
