Conventional Loans · FHA Loans · Home Buying · News · Private Mortgage Insurance
November 14, 2022
An 80 10 10 loan is a mortgage option in which a home buyer receives a first and second mortgage simultaneously, covering 90% of the home’s purchase price. The buyer puts just 10% down. This loan type is also known as a piggyback mortgage.
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November 8, 2022
Low Income Home Loan Options Give You HopThanks to the many low-income home loans available today, you can be a homeowner even if you don’t make a lot of money. […]
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August 11, 2022
Editor’s note: Starting September 1, 2019, HUD, the administrator of FHA loans, reduced the maximum FHA cash-out refinance loan-to-value to 80%, down from 85%. What is an FHA cash-out refinance? […]
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August 11, 2022
What happens when a property is being sold as-is and the seller will not do repairs but the home doesn’t meet FHA minimum property standards (MPS)? How does the buyer […]
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FHA Loans · Home Buying · Understanding Mortgages
August 11, 2022
There are quite a few loan options available to buy fixer-upper homes. “By buying a fixer-upper, you can definitely increase the value of the home as it appreciates and as […]
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Home Buying · Understanding Mortgages
August 11, 2022
Those with disabilities and disability income can qualify for these special home buying programs as well as standard mortgage loans. Qualifying for a mortgage with disability income Life hasn’t always […]
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August 1, 2022
Why take an adjustable-rate mortgage (ARM)? Why not just take a fixed rate and not worry about what rates might do in the future? That’s a fair question, and a […]
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July 27, 2022
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 […]
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July 25, 2022
The news is inundated with stories of lenders making it tough for some borrowers to qualify for mortgage loans. But while that can be true, borrowers with unique circumstances shouldn’t […]
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Home Buying · Understanding Mortgages
July 25, 2022
Typically those who buy a home can only take advantage of the best interest rates and mortgage terms if it is an “owner-occupied” property, meaning they plan to live in […]
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