VA home loans have been very popular with military first time house buyers for decades. There are many great home financing advantages to being a military veteran or active military. One of the biggest pluses that you can enjoy is getting a military home loan with competitive interest rates, low closing costs and no down-payment… Read More »
For decades, self-employed people have been using no income verifications home loans to buy real estate and to refinance existing mortgages. We will help you learn everything you need to know about self-employed mortgage programs that allow non-tradition income documentation. No income home loans have been the lifeblood of self-employment financing. In most cases people… Read More »
Yes! As of tax year 2026 (filed in spring 2027), private mortgage insurance (PMI) is once again tax deductible following passage of the “One Big Beautiful Bill Act” in 2025. This landmark legislation permanently reinstated the PMI deduction that expired after 2021, making it a permanent part of the tax code rather than requiring annual congressional… Read More »
If you are intending to get an FHA mortgage this year, you will be interested to learn FHA loan requirements and loan amount limits for the year. HUD recently announced its updated FHA loan income limits and maximum loan amount by region for 2024. It appears most of the US will see a substantial increase… Read More »
Your credit score can save you a lot of money … or it can cost you a lot of money. Yet, some people don’t even know their credit score, or how to make it better. That’s bad news when you’re hoping to get the best deal on a mortgage (and looking at 30 years of… Read More »
One of the benefits of home refinancing has always been the tax deductions of a mortgage refinance and the closing costs incurred during the transaction. Most people who buy a home or refinance an existing mortgage pay closing costs. So, you may wonder if you can tax deduct some of your closing costs on a… Read More »
Subprime mortgages are considered home loans that have a higher interest rate than prime loans and they were very popular prior to the financial melt-down and mortgage industry crash. 10-years ago many subprime mortgage lenders stopped offering these high risk home loans. These days, it is much easier to get a sub prime mortgage loan… Read More »
We have been getting a lot of requests for no doc loans from borrowers looking to refinance because many Americans are self-employed and would rather not deal with the hassles of documenting their income. Being self-employed can be highly rewarding because you control your own destiny and control how much money you earn. However self-employed… Read More »
A blanket mortgage can be a powerful tool for real estate investors and developers managing multiple properties. It simplifies financing, enhances portfolio management, and provides cost-efficiency. Some commercial real estate investors have several properties and understand that juggling several mortgages with various interest rates and terms can be challenging. A blanket loan allows you to… Read More »
Homeowners and loan officers know how important calculating Loan to Value, or LTV, when applying for a refinance mortgage. Your credit could be excellent but if your do not meet the LTV requirements for a mortgage refinance then you will be turned down. In a home refinance transaction, the Loan to Value (LTV) is just… Read More »
