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Coming up with funds to close on a home purchase is perhaps the single greatest barrier first time home buyers face. At least there are still too many who believe that. Yet despite the easy access to information and...
Future homebuyers are certainly aware they’ll need to have some sort of a down payment when obtaining a home loan. Unless they’re VA eligible or buying a qualifying property in a rural area using a USDA mortgage, there will...
When you make an offer on a home, it’s not always just about the price. That’s certainly one of the most important facets but there are other features that can have an impact, such as a non-contingent offer. Having already applied...
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...
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...
Financing a Home Purchase With a HERO Lien or PACE Lien If you found this article during an online search, it’s very likely you, or the property you want to buy (or refinance), is in some sort of a financial...
Whether your mortgage choice is a conforming, jumbo, conventional or government-backed, not only will you have your choice of interest rate and point combinations as well as the term of the loan but you will also take your pick...
Couples who decide to end their marriage with a divorce certainly didn’t go into the arrangement knowing full well that at some point a divorce will be a definite life event. No, instead of living a life of indescribable bliss...
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....
For those not familiar with the term “reverse mortgage” they’re not alone. And even for those that have heard the term used it’s still a bit counterintuitive. Officially it’s called the Home Equity Conversion Mortgage, or HECM (heck-um) and is...