FHA Loan Down Payment: The Complete Guide
October 15, 2020
With an FHA loan, nearly all borrowers will be able to pay as little as 3.5% of the home’s purchase price as a down payment.
Read More...
Why does getting a mortgage take so long?
October 15, 2020
Getting a mortgage loan means you’ll likely experience every possible emotion. Unfortunately, a word commonly used to describe the home loan process is “stressful”. When buying or refinancing a home, […]
Read More...
Cash Out Refinance · Refinance
5 Things to Consider Before Your Cash-out Refinance Application
October 15, 2020
On the surface, applying for a cash-out refinance ellmortgage sounds like a no-brainer. You may be able to lower your interest rate, plus you walk away with some cash. But, […]
Read More...
FHA Streamline Refinance Rates & Guidelines for 2020
October 15, 2020
The FHA streamline refinance program helps current FHA homeowners lower their interest rate and monthly payment — it’s a quick and cost-effective way to refinance with lenient documentation requirements and […]
Read More...
Mortgage Rates · News · VA Home Loans
VA Streamline (IRRRL) Refinance Loan: Easier Refinancing for Veterans
October 15, 2020
A VA Streamline Refinance is also known as an Interest Rate Reduction Refinance Loan, or IRRRL, because it is designed to help homeowners lower their mortgage rate quickly and easily. […]
Read More...
FHA Loans · Mortgage Strategy · Refinance
FHA Streamline Refinance: Negotiate Zero Out-of-Pocket Closing Costs
October 14, 2020
Mortgage interest rates are at historic lows across all major loan types. Ellie Mae’s September 2020 Origination Report stated FHA loans are no exception — average mortgage interest rates decreased […]
Read More...
What Is Mortgage Underwriting And How Does It Work?
October 6, 2020
Mortgage underwriting is the process lenders go through when deciding whether a mortgage applicant is a good bet as a borrower.
Read More...
Mortgage Rates · Understanding Mortgages
5 Year Fixed Mortgage Rates and Loan Programs
October 5, 2020
You can create your own 5-year fixed mortgage and own your home outright in five years. Fixed mortgages with shorter terms can create incredible interest savings. But shorter-term mortgages also […]
Read More...
What is a loan origination fee?
September 28, 2020
A loan origination fee is one of the closing costs you have to pay when your home purchase or refinance is finalized.
Read More...
How much should you put down on a house?
September 18, 2020
There’s no one-size-fits-all answer to this one and it’s going to depend on a number of factors, including the type of mortgage you want and your personal financial circumstances.
Read More...As Seen On
Tim Lucas
Mortgage expert Tim Lucas has been helping home owners for over 12 years.
