Making changes to your home costs money. Many people assume they need a home equity loan in order to afford the changes. While this loan type does give you the cash necessary to make changes, there is another loan option – the FHA 203K Refinance Loan. You do not have to have an FHA loan currently in Read more
FHA 203(b) vs 203(k) Loans, Which Is the Purchase Mortgage for You?
The Section 203(b) and 203(k) lead the FHA’s portfolio of insured home loans. Section 203(b) is the purchase mortgage most commonly used by consumers while Section 203(k) is used for buying and rehabilitating a home. Which between the two FHA-backed purchase mortgages is most applicable to Read more
Look: 3 Government Refinance Loans Worth Checking Out
There are a handful of refinance programs available for government-backed loans. FHA streamline refinance aside, these government refinance loans are understandably specific, catering to veterans, rural homeowners and those with fixer-uppers.If you are a homeowner with an existing VA, USDA or Read more
A Quick Look at FHA Refinance Programs
The Federal Housing Administration offers a number of refinance options for homeowners. These FHA refinance programs can be loosely classified as cash-out refinance, no cash-out refinance, and short refinance (for non-FHA loan owners). If you want to refinance your current FHA mortgage, check out Read more
Remodel your Primary Home with a 203k Streamline Refinance
You own a home, but you do not love the way it looks right now. You would love to change the exterior paint or remodel your kitchen, but you do not hads. Rather than applying for a personal loan or even a home equity loan, try the 203K Streamline Refinance. This FHA program enables you to have funds Read more
