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. Which home refinance program is the best and which offers the best… Read More »
Many Americans are feeling optimistic about the economy for 2017 and are planning to apply for an FHA mortgage. The economic signs are pointing to strong economic growth, as the stock market is booming and the Federal Reserve is contemplating as many as three rate hikes next year. One of the very best home loan… 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 second mortgage… Read More »
Many homeowners today are choosing to refinance their mortgage because of the very low interest rates that are usually under 4% as of fall 2016. 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 the expenses 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 back or… Read More »
So the value of your home has been soaring for the past several years. You see all of that equity sitting in your property, and you ALSO see that old dingy kitchen and bathroom and think, maybe it’s time for a remodel! Millions of Americans are thinking the same thing. The economy is accelerating and… Read More »
Mortgage interest rates began to inch upward in 2016, but as of mid-year 2017, rates have begun to fall again. By June 1, 2017, the 30 year mortgage rate dropped to 3.95%, which is a new low for the year. Below are some more specifics that may mean great news for many home shoppers: 30-year… Read More »
Home owners who meet the lending criteria may be able to get a second mortgage loan if they qualify. You may have heard radio advertisements recently bragging about how low second mortgage rates are today for home equity lines of credit and fixed cash out 2nd mortgages. Getting a second mortgage can help you to access… Read More »
Mortgage rates at the end of 2016 edged higher but overall, most experts think that they will not go a lot higher in 2017. And regardless, the interest rates for home loans and refinancing are still historically very low. As of May 2017, mortgage interest rates have stayed fairly level after edging up at the… Read More »
Shopping around for a new home is a lot of fun, but people who are really serious about buying a home should seek a pre-approved mortgage from lender people trust. As a potential home buyer, you will have a lot of credibility and knowledge on your side if you get a pre-approval mortgage letter from… Read More »
Homeowners have a significant opportunity to refinance with cash out that provides many incredible financial benefits. There comes a time in life when you may need to fund a major purchase and you do not have the cash in your savings account. Rather than running up high interest rate credit cards, many Americans choose to… Read More »
Are you active or retired military? You may be able to qualify for a Veteran’s Administration financing, also known as the VA home loan. For borrowers who are or were in the US military, VA home loans are one of the best options for people serving in the U.S. Armed Forces to buy a house.… Read More »
Do you want to refinance your FHA loan into a lower rate and get cash back? How about pull out some cash for a home improvement? You can possibly do both with an FHA cash out refinance. In 2017, home prices are going up and mortgage rates are stabilizing and are still very low. It… Read More »
How to Get a Mortgage Loan without Tax Returns and Traditional Income Documentation Many Americans today decide to go the self-employment route rather than working for a company sitting in a cubicle for the next 30 years. Being self-employed can be highly rewarding because you control your own destiny and control how much money you… Read More »
Millions of American consumers are looking for low credit score home loans that obtainable and affordable. Has your mortgage application been turned down? This can be really upsetting too many people, but you should not despair. Just because you were turned down by a lender for a mortgage loan with low credit scores does not… Read More »
People who want to buy an expensive home, such as in many areas of California, will probably need a jumbo mortgage loan and rates remain near record lows. These jumbo loans also are referred to as non-conforming loans. If you are considering a jumbo loan, you will need to have a complete understanding of these… Read More »
As you may have heard on the radio recently, home equity loan rates remain at some of the lowest levels in decades. One of the best aspects of home ownership is that you grow equity in the property over time. If you choose, you can pull out some of that cash with a fixed or… Read More »
Many people don’t realize that they can finance a swimming pool with a home equity loan. While it will always be cheaper to pay cash for your new pool, there are a number of swimming pool financing options to consider. One way to save money on taking vacations is to have a vacation right in… Read More »
Home owners who have an FHA mortgage may want to take advantage of low interest rates by doing a FHA refinance in 2017. If you are one of them, know that there are two types of FHA refinances to consider. Below are more details about FHA loan qualifications you will need for either type. You… Read More »
Do you want to refinance but are wondering about the current mortgage interest rate environment? Don’t worry too much: You still have time to get a good deal. While rates have inched up since one year ago, refinance rates are still quite low and likely will not go above 5% in 2017, according to many… Read More »
If you are planning to build your own home this year, you will probably need a new home construction loan. This article will highlight the critical parts of construction loans so that you can make an informed decision on how to finance new home construction loans. Overview of Home Construction Financing Unless you can pay… Read More »
Not all banks and loan shops offer 2nd mortgages, so we suggest finding second mortgage lenders that specialize in this unique niche market of subordinate financing. So unless you have a lot of equity and an amazingly high credit score, the chances are pretty slim that you can walk into your local bank and take out… Read More »
It is not breaking news that FHA loans are some of the most popular on the US market today. Why? FHA loan programs are backed and insured by the Federal Housing Administration. These FHA loan qualifications feature more flexible underwriting requirements and rates, as well as lower down payments. All of these features make FHA loans… Read More »
Many people believe that bad credit home equity loans are not possible. It is not surprising that the people who often need loans the most are the ones with poor credit. If you have a low credit score, it is likely you have been turned down for lines of credit before. Whether you need funds for… Read More »
Many Americans want to remodel their homes but lack the cash in the bank to pay for the remodeling projects so home improvement loans have become popular solutions. So what to do? Well, the credit markets are loosening up quite a bit in the last few years, so you may have more options to finance… Read More »
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