Mortgage rates have seen a low as the year 2018 came to a close. Low rates help many borrowers qualify for a loan, making the housing market boom. Are these low rates here to stay or is this another quick fluke?Compare Offers from Several Mortgage Lenders. The Prediction Fannie Mae and the Read more
Application to Closing: How Long do USDA Loans Take?
It’s a common myth surrounding the USDA loan that it takes ‘forever’ to get to the closing. It really doesn’t take too much longer than any other loan on the market. While there is one extra step USDA lenders have to take, if they do their job right, it won’t take very long.Compare Offers from Read more
Which Loan Should You Use as a First-Time Homebuyer?
Have you heard that the FHA loan is the best first-time homebuyer’s loan? In fact, it’s been known as only a first-time homebuyer’s loan for many years. That’s not the case, though. First-time homebuyers can use any type of financing that is available in today’s market. What you need to decide is Read more
What’s the Cost of a VA Loan Refinance?
If you have a VA loan and you want to refinance it, you have a few options. If you want to stick with a VA loan, you can refinance with the VA IRRRL (streamline refinance program) or the VA cash-out program. The VA cash-out loan allows you to take money out of the equity of your home – up to Read more
What Happens After You’re Preapproved?
Before you shop for a home, it’s a great idea to get pre-approved. This lets sellers and realtors know that you are serious about buying a home. It also lets them know that you can get the financing you need to buy it. Without this letter, some sellers may not entertain your bid. But once you have Read more
Understanding VA IRRRL Closing Costs
If you have a VA loan, you have the option to refinance with the VA IRRRL program. This loan requires little verification and allows you to refinance your loan for a lower rate or better term. You cannot take cash out with the program, but you can make your mortgage more affordable.Looking for Read more
