Conventional financing is the most common type of financing borrowers try to obtain, however, if you wish to buy land, it might not be the best choice. Many lenders do not offer conventional options for a land purchase. This is because purchasing land does not offer the same type of collateral as a Read more
Archives for November 2021
What Happens to My Existing Escrow Funds When I Refinance?
There is more to your mortgage payment than just the principal and interest – you also pay real estate taxes and homeowner’s insurance. If this is your first loan or you just opted to have the lender handle your real estate tax and homeowner’s insurance payments, you have an escrow account. This Read more
What are the FHA LTV Limits for Refinance in 2021?
Every loan program has limits regarding the LTV they will allow and the FHA program is no exception. Understanding the FHA refinance LTV limits will help you understand what you can and cannot do with your FHA loan and how much you can borrow. There are several types of FHA refinances including the Read more
