Black Knight Financial Services, Inc. observed an increase in the number of homebuyers who put less than 10% downpayments for the past 12 months, reaching a seven-year high. According to BKFS’s Mortgage Monitor Report for the period ended June 2017, these low-downpayment loans accounted for 40% of Read more
Buying a Multi-Family Unit Home
Finding financing to purchase a duplex or a multi-family unit property is achievable. There are many different loan products designed for this property type. What determines the kind of loan you get is whether you will occupy it or not.Owner-occupants may avail of government-backed loans as well Read more
Which Mortgage Credit Is Most Available to Borrowers in May?
The Mortgage Bankers Association (MBA) released the results of its report measuring the level of mortgage credit availability for the month of May.There was an overall decline in mortgage credit availability index (MCAI) as lending standards tightened last month. The side of government mortgages Read more
FHA Conventional Refinance: A Switch From Conventional to FHA Loan
FHA homeowners have several options when refinancing their existing insured mortgages. Not to be left out, homeowners with non-FHA insured loans can refinance into FHA loans, known as “conventional refinance”. Those with conventional home loans can think these benefits of an FHA conventional Read more
A Look at FHA and Conventional Streamline Refinance
Specifics aside, a closer look at streamline refinance programs offered for FHA and conventional loans reveals that they are not too far apart. Notably, the conventional streamline refinance programs will officially take the place of the Home Affordable Refinance Program® in October. Take a look at Read more
