It is a widely held belief that you need to put 10-20% down to buy a house. The truth is, you can buy a house with as little as ZERO down payment, and if you have the right programs in place, you can get into your own home with ZERO OUT OF POCKET! If you… Continue Reading
As mortgage rates normalize in 2022 from the historical lows of the past 12-18 months, it’s essential to know how to find the best refinance rate. With some insights on how refinancing works, how lenders price loans, what impacts your rates, and how you can lower your rate and closing costs, you can land a… Continue Reading
Closing a mortgage always involves closing costs which will vary from lender to lender. Even so-called “no closing costs loans” involve paying to close the loan, even if the borrower doesn’t foot the bill, someone does. If you want to reduce the cost of closing your mortgage, here are a few tips you can use.… Continue Reading
If you are a first-time home buyer, there is a lot to learn about buying a home. The most misunderstood part about home buying is — home financing. We are going to help shed some light on this topic. We are going to go over the top first-time home buyer loan options. You will learn… Continue Reading
Think you may have missed the opportunity to refinance your home mortgage? Think again! You may still benefit from refinancing even though rates have recently gone up. While conventional loans make up the large majority of home mortgages, there are millions of borrowers who have other types of loans. Those loans are usually taken out… Continue Reading
Reverse mortgages are very misunderstood mortgage programs. In part, this is due to myths or misconceptions about this very useful program. Many of the myths about Reverse Mortgages are so entrenched with the public that it is very difficult for them to have a change of mind or heart. This is the case even though… Continue Reading
If you have been shopping for a loan in June 2022, you may have noticed rates have risen. In fact, the average 30-year fixed rate for conventional loans has just about doubled since the lows of January 2021. According to this chart from FHLMC, the 2nd largest purchaser of agency mortgages, rates went from 2.74% … Continue Reading
When you decide to shop for a home loan, there are a lot of choices out there. Whether you want to refinance or purchase a home, you may want to consider the various sources of home loans. Most people are not aware of how the back end of the mortgage lending business works. They get… Continue Reading
The mortgage market is undergoing a massive shift as of Mid 2022. Mortgage rates across all types of home loans have increased considerably. In some cases, such as the case for conventional agency loans, rates have more than doubled in less than a year. These events are now preventing millions of buyers from qualifying for… Continue Reading
Current reports on housing from multiple sources indicate that the housing market’s future is unlikely to be the same as its recent past. Over the last decade, the US housing market has seen a run-up in home prices unlike any other time in history. Many experts predict that the coming correction will not be as… Continue Reading