I advise first-time home buyers to meet with a mortgage brokerbefore deciding on a loan because mortgage brokers carry a vast array of products, including the tired and boring old conventional loans. A bank can make a conventional [...]
Things change. Sometimes that means a loan needs to change, and refinancing is the way to do that. To refinance a loan is to replace it with a new loan, usually a loan with better features. That doesn’t mean the debt goes away – it just [...]
We work with a variety of different lenders to get you the best Loan program to fit your needs Our expertise and relationships can simplify the process of getting your loan You can give a down payment as low as 3% for [...]
The interest rate on a fixed rate mortgage stays the same throughout the life of the loan. The most common fixed rate mortgages are 15 and 30 years in duration. Since fixed rate loans have been around the longest, they are also known [...]
An adjustable rate mortgage (ARM) is a loan that bases its interest rate on an index. The index is typically the LIBOR rate, the Fed funds rate, or the 1-year Treasury bill. An ARM is also known as an adjustable rate loan, [...]
Loans from the Federal Housing Administration (FHA) are popular options for borrowers because they allow you to buy a home with a relatively small down payment. Designed to promote home ownership, FHA loans make it easier for people to qualify [...]
Congress created the VA Loan Guaranty Program in 1944 to help returning service members achieve the dream of homeownership. Since then, the Department of Veterans Affairs has helped more than 18 million military members purchase homes. What is a VA [...]
Tagged the “Farmers Loan” decades ago, USDA rural mortgage financing is unique in the mortgage market. Along with VA financing, the United States Department of Agriculture offers one of the only true 100% financing options. No down [...]
It can be a real problem to secure financing when you find that diamond-in-the-rough house. In your mind's eye, you just know it will be the belle of the block, but lenders don't seem to share that vision. Even if you are able to get financing to [...]