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
Archives for January 2020
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
Do Student Loans Affect Your Mortgage Eligibility?
Student loans helped you get through college, but now that you’re done, you have a lot of debt. Can these loans prevent you from getting a mortgage?Get Matched with a Lender, Click Here.The good news is that student loans themselves don’t prevent you from getting a mortgage. They are like Read more
Can you Deduct any Items on the Closing Disclosure?
Today, the settlement statement has a new name – it’s the Closing Disclosure. Either way, the statement itemizes the cost of closing on your loan. It includes all charges from the lender, third parties, and all prepaid expenses, such as interest, taxes, and insurance.Get Matched with a Lender, Read more
