When buying a home, the biggest upfront expense is likely to be the down payment, which is typically between 3.5 and 20 percent of the home price. Even if future […]
100% financing home loans for new and repeat home buyers One hundred percent financing home loans are mortgages that finance the entire purchase price of a home, eliminating the need […]
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 […]
Home buyers pay an upfront mortgage insurance premium when they close on an FHA loan. This upfront fee — known as UFMIP or MIP — equals 1.75 percent of the […]
Most conventional loans are what’s known as “conforming loans,” which “conform” to a set of standards set by Fannie Mae and Freddie Mac. Conventional loans boast great rates, lower costs, […]
What are closing costs? Any home loan — whether to purchase a new home or refinance a current loan — will come with closing costs. Closing costs cover a variety […]