Since first being introduced back in 1944 the Department of Veterans Affairs has helped millions buy and finance their home with a VA mortgage. Lending guidelines established by the VA allow lenders to underwrite and approve a VA loan...
If you’re considering ways to save on long term interest and paying down your mortgage balance sooner rather than later, refinancing to a shorter loan term is probably the most common way to do so. Most mortgage loans issued...

For homeowners that are 62 or older, they’ve had access to the Home Equity Conversion Mortgage, or HECM. The HECM turns some of the current equity in the home into cash payable directly to the owners of the property....
That might not seem a very important question for most, but for those that do wonder about the answer, it’s certainly an important one. When someone is on maternity leave typically there is no monthly income during the leave. So,...
You’ve read here before about the five factors that directly affect credit scores, more specially, FICO scores calculated for mortgage loans. The FICO Company developed the original algorithm credit agencies use to come up with the three digit score...
Lending guidelines over the past few years have gradually relaxed in certain areas. Leading up to 2008 and immediately thereafter, lenders seemed to dry up available credit for home buyers. That was true but mostly the lenders that participated...
Home loan modifications aren’t as common today as they were just a few short years ago. Loan modifications have in fact been in existence for decades yet were rarely used. What is a home loan modification and what are...
A bankruptcy is generally the result of something very bad happening in someone’s financial life. No one enters into a loan agreement of any sort, either the debtor or the creditor, with the intent to default on the loan....
Check if a Condo Complex is FHA Approved (FAST!) If you live in an area where condos are a popular option or you plan to move to an area where there are multiple condominium projects, it’s obvious you appreciate the...
What is a temporary buydown and do you want one? We’ve mentioned here on several occasions about how the mortgage industry seems to think up different lending terms on a regular basis but that’s really not the case at...