You know the FHA loan as an owner occupied loan program. You used it to purchase your existing home, but now you do not live there. If it has been a few years and you want to refinance because rates are low or because you are underwater on the home, you have options. You can even use the FHA Read more
Archives for February 2017
Things to Know When Buying a Foreclosed Property
Buying a foreclosed property has many benefits, especially the lower price tag it usually carries. However, before you jump in headfirst into the transaction, you should know some things. Buying a foreclosure works differently than a standard home purchase. There are likely more restrictions you Read more
Borrowing Money From a Paid Off House With Bad Credit
You paid off your house a while ago and have enjoyed being mortgage free. However, in recent years you hit bad luck and ruined your credit. Now you want to tap into your paid off house and get some of that equity back in cash to help make ends meet. Is it possible with your bad credit? Refinancing Read more
How to Qualify for a Second Home or Vacation Home Purchase
You have worked hard enough in life that you decide you want to buy a second home. This is an exciting time! There is just something so different about owning a home you can vacation at rather than renting or staying in a hotel. The good news is the mortgage process is similar to the one you went Read more
Does it Make Sense to Refinance to Get Rid of PMI?
If you purchased your home with less than 20% down and you have a conventional loan, you pay PMI (Private Mortgage Insurance). The amount you pay is detailed on your mortgage statement. Chances are that it adds up to $100 or more per month. Unfortunately, you will never see a return on this Read more
