VA loans offer veterans the chance to get a loan with no money down. It’s an easier way to buy a home. But what happens when you need to borrow a large sum of money? At what point does the loan become a jumbo loan?Compare Offers from Several Mortgage Lenders.The VA allows many different loan Read more
Archives for January 2019
What Does FHA Mortgage Insurance Do to Your Mortgage Payment?
FHA mortgages always include mortgage insurance. It’s not just until you owe less than 80% of the home’s value either. You pay the mortgage insurance for the life of the loan. While that’s not the best news you want to hear, the good news is that the insurance does decrease over time.Compare Read more
The Best Way to Get a Competitive Interest Rate
What's the largest factor you think about when shopping for a mortgage? If you said the interest rate, you are like most other borrowers. Even ¼ to ½ of a change in the interest rate can have a dramatic effect on your payment. It’s no wonder you want the lowest interest rate possible.Compare Read more
How to Refinance Your VA Loan With Bad Credit
If you have a VA loan now, you may have a way to refinance it even if you have bad credit.Compare Offers from Several Mortgage Lenders.Typically, lenders require you to have a minimum credit score in order to qualify for a refinance. It makes sense since the lender needs to decrease their Read more
Don’t Leave Out These Important Contingencies in Your Purchase Contract
Buying a home means more than negotiating a sales price. You have to work out other important details that sometimes are even more important than the price you pay. You need what they call contingencies in your contract. Without them, you leave yourself at risk for serious issues.Compare Offers Read more
