Just 5% Down for Multi-Family Homes | Fannie Mae Introduces New Rules
November 9, 2023
Fannie Mae recently announced it will now allow down payments as low as 5% for multi-family homes.
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How to Buy a House with Multiple Owners
November 7, 2023
When you think of more than one name on a mortgage application, you probably assume it’s a married couple. However, there are lots of other people who enter into buying […]
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Can I Rent Out My Primary Residence?
November 7, 2023
Homeowners decide to move for a variety of reasons. Their homes become too small or too large. They move because of job or marital status changes, or because they retire […]
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What is the Freddie Mac Home Possible program?
November 4, 2023
Freddie Mac’s Home Possible mortgage is a loan program designed for home buyers with low incomes or little in savings. It requires just a 3% down payment. Who is eligible […]
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Should I Open a Cash Out Refinance to Consolidate Debt?
October 5, 2023
Taking a cash-out mortgage for debt consolidation is a great idea — sometimes. Converting all your monthly payments to one bill can simplify your life. Plus, if your credit card […]
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Home Buying · Understanding Mortgages
What is an Adjustable Rate Mortgage (ARM)?
August 31, 2023
When the housing market collapsed in 2008, adjustable-rate mortgages took some of the blame. They lost more appeal during the pandemic when fixed mortgage rates bottomed out at all-time lows. […]
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Home Buying · Understanding Mortgages
Permanent vs Non-Permanent Resident Alien Mortgage Options
July 20, 2023
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 […]
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Mortgage Rates · Understanding Mortgages
5-Year Fixed Mortgage Rates & Loan Programs
June 30, 2023
Fixed mortgages with shorter terms can create incredible interest savings. Not a lot of lenders offer short-term mortgage loans. The good news is you can create your own 5-year fixed-rate […]
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Can I Refinance If I’ve Had a Late Mortgage Payment?
June 30, 2023
Question: Is there any way to refinance if we had a late payment on our mortgage six months ago? So far no one will approve us until a year has […]
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What mortgage rate can you get with an 800 credit score?
June 30, 2023
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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