HOME POINT Financial is excited to announce a brand new Stated Income Verified Asset program for 2015 with loan amounts up to $2 million for qualified borrowers for home purchase, refinance, and cash-out transactions. Below is a brief discussion of...
  Thinking of joining the condominium lifestyle? Are you eligible for a VA home loan and want to know if you can use a VA loan to buy and finance a condo? Why do people decide to buy a condominium...
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...
Property values over the past decade have really been on a roller coaster ride. Around the middle of the last decade, lenders invented new home equity mortgage programs to try and reach as many potential borrowers as possible. Doing so, they...
Foreign nationals have a serious incentive to buy property in the United States. The U.S. dollar is strong, and home values are rising steadily, making home purchases, either as a residence or investment property, an increasingly-attractive option. And many foreign...
When the Federal Reserve mentions interest rates, they’re not talking about interest rates on home loans. They’re referring to the rate the Federal Government charges on the money they lend to banks and financial institutions, also knows as the...
It’s not common, but yes, there are scenarios that allow VA borrowers to have two or more VA loans active at the same time. The typical situation is when a VA homeowner has been reassigned to a new duty...
Jumping into the real estate market for the very first time can be a little scary at first. For some, anyway. Why? There are several reasons. For one, buying a home is no small purchase and will likely be the...
Have you ever wondered how mortgage lenders set their interest rates each day? Are you shopping for a mortgage and can’t seem to get your arms around how and when mortgage companies decide to change their rates? From the outside looking...
There are two basic classifications for a mortgage loan- conventional and government-backed. Government-backed loans include the VA, FHA and USDA programs. The VA loan is reserved for veterans and others who qualify to buy and finance a primary residence....