Have you ever had an FHA loan? If so, you may be eligible for a refund of part of the upfront mortgage insurance you paid. The FHA has hundreds of thousands of unclaimed dollars that some of which could be yours. How do you know if HUD owes you money? Keep reading to find out.Get Matched with a Read more
Archives for September 2019
Defaulting on a HELOC – What Happens?
A second mortgage on your home is another lien on it. Technically any bank with a lien on your home can foreclose on it. But will a HELOC lender foreclose on your home? We help you understand how it works below.Get Matched with a Lender, Click Here. How HELOCs Work A HELOC or home equity line Read more
Consider a Refinancing Even if you Just Bought a Home
You just bought your home within the last year or so, does it make sense to refinance? Most people wait a few years before refinancing their mortgage. After all, they just paid all of those closing costs; do they want to do it all over again?Get Matched with a Lender, Click Here.Given Read more
Can I Get a Refund on FHA Mortgage Insurance?
If you have been thinking about refinancing your FHA mortgage, yet cringe at the thought of paying that upfront mortgage insurance premium again, you are in luck. If you originally obtained your FHA mortgage less than 36 months ago, you may be entitled to a refund of the initial premium that you Read more
What Should Your Mortgage to Income Ratio Be?
When you apply for a mortgage, you have to meet the mortgage program guidelines, including the mortgage to income ratio. The debt ratio, or front-end ratio, compares your mortgage payment to your gross monthly income. It’s the percentage of your gross monthly income that your mortgage payment takes Read more
