Shopping for a mortgage involves many decisions. Not only do you have to worry about the interest rate that the lender quotes you, but you also have to determine what term you are comfortable taking. Most people take either a 15 or 30-year fixed rate mortgage. They are simple programs that keep your Read more
Proven Strategies to Secure a Great Refinance Rate
Interest rates are low – that is probably something you hear every other day on the news. But how do you get those low rates? How do you even know if the lender offered you the lowest rate? What if there is more money on the table? Here are a few concrete strategies to ensure that you get the great Read more
How to Find FHA-Approved Lenders in your Area
FHA loans are a common source of funding not just for first-time homebuyers, but also for any homebuyer. This program offers flexible financing options and easy-to-qualify-for guidelines, making it the choice of many borrowers. Before you can secure FHA financing, though, you must find FHA-approved Read more
The New Streamlined Refinance Program for High LTV Borrowers
HARP is not the only program that will be available to borrowers that have a high LTV and have no other options to refinance their mortgage. Starting in October 2017, the Federal Housing Finance Agency will begin a similar streamlined refinance program for high LTV borrowers. This program will look Read more
How does the FHA Outlying Area Program (Section 203(i)) Work?
FHA loan programs help lower-income families purchase a home affordably and without getting in over their heads. They provide easier guidelines and lower costs, making it easier to purchase a home. If that home happens to lie in the outskirts, meaning not with any city or suburb boundaries, however, Read more
