Even though mortgage interest rates have started to edge up, home buyers and existing homeowners considering a home refinance loan with good credit can still get a competitive interest rate in today’s market. But there are still many home refinancing options out there to consider before signing a new contract. Which Home Refinance Program Is… Read More »
Many Americans are still optimistic about the economy in 2019 and many renters are considering home-ownership for the first time. With consumer confidence soaring once again, many people are preparing for the dream of owning a home and are planning to apply for an FHA mortgage in the coming year. The economic signs are pointing to… Read More »
Donald Trump was elected the next president of the United States, and some financial experts believe that the President-elect could be good for the housing and mortgage industry. One of the areas of real estate that could see more activity is in home equity loans. A home equity loan is a form of a second… Read More »
Many homeowners today are choosing to refinance their mortgage because of the very low interest rates that continue to hover in the 4% range as of of 2018. Refinancing a mortgage on your home property can save you hundreds of dollars per month, freeing up money for many other expenses of life. Also, some of… Read More »
If you own a home, you probably have heard about a cash out or cash back refinance. Homeowners are blessed with unique opportunities to access money when refinancing their home. What is a “cash back refinance” and why would you do it? We’ll explain in detail below. Cash Back Refinance Basics A cash out or… Read More »
Mortgage rates in 2018 are still near historically low levels. But there is no doubt they have climbed substantially from record lows in the last three years. The days of 3% 30-year fixed mortgages are behind us, and According to BankRate.com, the current refinance rates are in the range of 4.5%. It is possible that… Read More »
Selling your first home can be an exciting experience. Home prices are up, and there is a good possibility you can make a good profit by selling your home. The chances of selling your home for top dollar quickly rise when you know that you are working with the best realtor. To choose the best… Read More »
Most military members and retired military know about the VA home financing programs for getting a home loan guarantee with 100% financing, low interest rate and no mortgage insurance. The VA mortgage loan can be a great deal for many veterans and active military. But did you know there are other special home loan programs… Read More »
Buying a home is always a challenge for many people given the money involved. But in 2018, interest rates have been rising and are likely to continue to do so. According to Zillow, today’s rate for a fixed rate, 30-year mortgage is approximately 4.45% with a 4.52% APR. Yes, the possibility of higher home loan rates… Read More »
Learn How to Navigate Mortgage Rates with Fannie Mae /Freddie Mac, FHA, VA, USDA, Non-QM Loan Programs from Competitive Lending Sources Online. Buying a home in 2018 can be a challenge for many of us. There is a lot of paperwork and many parties involved. If you are a first-time buyer, you also may not… Read More »
Mortgage rates in 2018 have risen for the most part, but there are still some home owners out there that may want to refinance before rates rise further. Even with higher interest rates, you still can save money on fees and closing costs when you do your mortgage refinance. This can end up saving you… Read More »
It is exciting to have a home built just for you. But most people are unfamiliar with owner builder home loans. Mortgage loans for new construction are a different animal, and if you want to build your home, it is smart to learn about this unique mortgage process. Find Lenders that Specialize in Owner-Builder Home… Read More »
Many people who want to get a home loan apply for a conventional loan. A conventional or conforming loan is one that is not backed by a government entity such as USDA, VA or FHA. It is a loan that follows the guidelines set by Fannie Mac and Freddie Mae, the two agencies that standardize… Read More »
There are more than 14 million self-employed mortgage borrowers in the US, and fortunately for them, it is getting easier to get a no-tax return home loan. Generally, guidelines in the last few years are getting easier for getting a home loan for the self-employed. For instance, you may only need a single year of… Read More »
Some commercial real estate investors have several properties and understand that juggling several mortgages with various interest rates and terms can be challenging. That is where a blanket loan can be a possible solution. A blanket loan allows you to make a single payment to a single bank with one set of loan terms. This… Read More »
There are some situations where getting a private money loan or hard money financing can make sense for some borrowers. A private money mortgage is typically funded by a single private investor or a group of private investors. A private money borrower usually secures the loan through the value of the property and not their… Read More »
The housing crash of a decade ago is fading from our collective memories, and home prices are rising nicely at a 6-7% clip per year. But what does this mean for investing in real estate and financing for that matter? Interest rates are slowly on the rise but are still under 5% for a 30-year… Read More »
You can get an apartment loan or multi-family financing that is either short term or permanent to fund the purchase or renovation of the building, with rates that typically range from 5% to 12%. Investors usually use the financing of apartment buildings to buy properties with more than five units to produce cash flow and… Read More »
Buying a piece of land allows you to build your dream home or to simply maintain a piece of nature. But land can be pricey in higher demand areas, so you cold need to find a vacant land loan to fund your purchase. You might think that a land loan will be easy and low… Read More »
If you are considering the purchase of a condominium, you may wonder how much of a down payment you need to get a mortgage. Depending upon the lender and other factors, you will probably need somewhere between 3% and 20% down to buy a condo, with 10% being the most common for people with condo… Read More »
For people with very low credit scores, you could feel as if there is no hope to get a mortgage. But there is still hope, even if you want to get approved for a mortgage loan with a 500 credit score on a purchase or refinance transaction. According to Ellie Mae, a mortgage software firm,… Read More »
The cost to refinance your mortgage can vary due to many factors, such as the lender, loan amount, credit score and interest rate. Homeowners who shop around and try different lenders may be able to lower their mortgage refinance closing costs and fees. The closing costs of your refinance will usually include appraisal fees, credit… Read More »
Do you want to buy a second home? You probably have many questions about how to finance a 2nd-home. Whether you want to buy a second home for vacations or as an investment property, getting financing for this type of property comes with some challenges that you should be aware of. This article will explain… Read More »
One of the biggest barriers to buying a home for many Americans is the down payment. But many first-time home buyers have misconceptions about the down payment that is required, as well as what credit scores are needed. According to the National Association of Realtors, 85% of first time buyers think they need 10% down… Read More »
People who want to buy a home in America usually choose a 30-year fixed rate mortgage. It is estimated that just 3 years ago that 2/3 of all mortgage applications were 30-year mortgages, and 86% of purchase applications were 30 year notes. But as interest rates are continuing to rise in 2018 into 4.6% or… Read More »
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