Do you know who owns your mortgage? Did you know that the company that owns your mortgage and the one that services it may not be the same? While knowing who owns your mortgage may not be something everyone needs to know, if you ever have a question about the note or deed of trust, you’ll need to Read more
Archives for January 2020
How to Increase Your Borrowing Power
You want to buy a home, what an exciting time! You may be disappointed to find out how much loan you can afford though. As you work your way through the process, you may wonder how you will find a home that fits within your budget.Get Matched with a Lender, Click Here.Fortunately, there are Read more
How Long Must you Pay Mortgage Insurance
Mortgage insurance adds quite a bit to your mortgage payment. Depending on your loan type, it could cost you more than $100 extra per month. Since the insurance doesn’t benefit you, chances are you want to know how to get rid of it as quickly as you can.Get Matched with a Lender, Click Read more
Finding a Lender That Doesn’t Have Overlays
Did you know that lenders can add requirements to the actual loan program’s requirements? It’s called lender overlays and it’s common for FHA, VA, USDA, and conventional loans. The lender is the one that takes the risk with the loan. They underwrite and fund the loan. Sometimes they tighten up the Read more
What is a 203H Loan?
Victims of a natural disaster often lose everything, including their home. The FHA 203H loan helps these victims become homeowners again. The 203H loan has unique qualifying requirements and stipulations. Keep reading to learn more about it.Get Matched with a Lender, Click Here. Understanding Read more
