Financing for condos can be hard to secure. These properties are inherently different; as such the financing is different too. In the past, FHA loans for condos were hard to come by, but with some basic changes, these loans are now more…
When considering a conventional loan in San Diego, you should understand this form of financing, including the advantages and disadvantages for these mortgages. This article will explain what a conventional loan is and how it is different from other types of mortgages.…
Anyone living in the United States, earning an income, and paying U.S. taxes, but not eligible for a Social Security number, should know about jumbo ITIN loans. This is a special mortgage program that allows individuals and families to purchase a home…
One of the biggest myths in the mortgage industry is the belief that you need a nearly-perfect credit score to use a jumbo loan. But as we’ll show, minimum-credit-score jumbo loans are available.
The Myth: You Need a High Credit Score…
Assumable loans are a fairly simple concept: the new owner of the property, instead of taking out a new mortgage, simply “assumes” responsibility for the existing mortgage. They get the same interest rate, repayment period, loan balance, and all other terms included…
In late January of 2021, the FHA made a formal announcement that individuals classified under the “Deferred Action for Childhood Arrivals” are legally permitted to receive mortgages supported by the FHA . Previously, this national benefit was in question, but as long…
2021 is here, and so are the 2021 loan limits.
If you are considering a new house in the coming year, you should learn about upcoming loan limits so you can purchase the best possible home.
Of course,…
The FHA has adjusted its rules on a mortgage for self-employed professionals. This article outlines the changes and provides information on mortgages for the self-employed.
The coronavirus and the resulting economic slowdown has created a variety of changes in the real estate industry.…
Many aspects of the real-estate-purchase process have changed, including appraisals. In an effort to keep agents, buyers, sellers, and appraisers safe, the Federal Housing Administration, or “FHA,” has announced an extension of its “relaxed appraisal requirements.”
When the coronavirus was…
With the high price of home repairs, many people turn to loans for their fixer-upper homes. This article discusses the various financing options for repairs, remodeling, and updates.
Home repairs are expensive!
Even relatively small projects, such as…
Mortgage lingo is often expressed in acronyms. You don’t need to know them all, but this article reviews the ones that are more common or important.
The real estate and mortgage industries love acronyms. “APR,” “LTV,” “HELOC,” and countless others…