Trying to come up with a home budget is extremely difficult, and it can leave many upcoming buyers frustrated and confused. How much is too much? Is there a bottom-level that we should be aiming for? What is the...
If you are having trouble qualifying for a mortgage, you may consider using a “seller carry.” This is a special situation that, depending on the details, could help you qualify for a mortgage that would otherwise be unavailable. What...
Getting a home loan involves multiple parties and a lot of moving parts. Your mortgage lender is the one that keeps all these parts moving in the right direction and at the right time. Your loan application will be...
Texas uses an escrow agent, closing agent, or representative from the title company to complete the real estate transaction. As the borrower, your funds, as well as the purchase contract, are held in escrow by a neutral...
A home appraisal plays an essential role in any purchase or refinance transaction. When a lender evaluates a loan application the lender actually issues two separate approvals- one for the borrower and one for the property. The property is...
30 years or 15 years. Those are your options for a mortgage. Right? While most people are familiar with either 30 or 15-year mortgage terms, there are actually mortgages available that are based on many different lengths. 10-year, 20-year,...

Jumbo Reverse

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....
If you are looking for a jumbo loan with a low down payment, you may find a lot of options. But not all jumbo loans are built the same. Our minimum-down-payment loans have many features that make them extremely...
In the modern digital world, getting a loan should be fast and easy. Using the newly-launched Fannie Mae Day 1 Certainty, lenders can actually make loan approval faster and easier for everyone. This has obvious benefits for lenders, but...
Buying a home is an important milestone for many people. Along with buying a first car, graduating college, and even getting married, people often reflect on the purchase of their first home as memorable moment. But while it should be...