If you are unable to put 20% down on the home you purchase, you have two options – pay PMI or take out a piggyback loan. Either way, you help lessen the risk the lender takes by providing you a loan without a large down payment. Both choices have the same end result – you secure more than 80% of the Read more
Archives for June 2018
Is Now a Good Time to Refinance?
If you’ve been watching the news and see that interest rates are dropping, you might wonder if you should refinance. Is now a good time? Is it better to wait?Compare Offers from Several Mortgage Lenders. How do you know just when you should take out that new loan? Is there ever a perfect Read more
What Does a Demand Feature Mean in a Mortgage Loan?
Did you pay attention when you signed your closing documents? Do you know the fine print that was provided to you? If so, do you know if your loan has a demand feature?Compare Offers from Several Mortgage Lenders.Don’t worry if you don’t know, as many borrowers are not aware. It is something Read more
USDA Loan vs FHA Loan: Which is Better?
The government offers a few different loan options to help you make home ownership a possibility. Among the most popular options are the USDA and FHA loans. How do you know which loan is better?Looking for Current Mortgage Interest Rates? Click Here.It really depends on your situation. Each Read more
10 Reasons FHA Loans are Popular with First-time Homebuyers
If there’s a loan that many first-time homebuyers turn to, it’s FHA loans. In fact, this loan used to be strictly for first-time buyers. Today it’s a program that is meant for anyone, but certainly those that have never owned a home before can benefit.Looking for Current Mortgage Interest Rates? Read more
