YOUR FIRST HOME LOAN: 7 TIPS FOR SUCCESS
SHOULD I APPLY FOR A MORTGAGE WITH BAD CREDIT?
PRE-QUALIFIED VS. PRE-APPROVED: WHAT’S THE KEY?
MORTGAGES FOR MILLENNIALS- YOUNG BUYERS FINALLY SAYING YOLO!
MORTGAGE TYPES: WHICH IS BEST FOR YOU?
WHEN SHOULD A REFINANCE HAPPEN ON A FIXED RATE MORTGAGE?
For those that chose a fixed rate over an adjustable rate mortgage to finance their purchase there may come a time when that initial decision might be changed. How so? Mortgage loans today don’t have prepayment penalties on them and they can easily be replaced by refinancing the existing loan into another one. That said, when does it make sense to .....POSTED ON October 16, 2017
WHAT TO LOOK FOR WHEN SHOPPING FOR A MANUFACTURED HOME LOAN
Buying a manufactured home today isn’t what it used to be. The image of a metal cabin sitting on top of a parked trailer might be the initial vision of some but today the difference between a manufactured home and a traditional “stick built” home is barely noticeable. In fact, some might even have to be told the home is a manufactured one because a .....POSTED ON October 16, 2017
WHAT RESTRICTIONS ARE THERE WITH A FIRST TIME VA LOAN?
The mortgage program with the lowest default rate of any also has a few limitations that other mortgage programs don’t have. These restrictions do nothing to bolster the performance of VA mortgages in general but the fact is they are restricted to certain individuals as well as having characteristics that conventional loans such as those underwritt .....POSTED ON October 16, 2017
WHAT ARE THE TOP FIVE BENEFITS OF REFINANCING?
For those who have a mortgage, at some point they think about replacing that loan with a new one by refinancing. Good loan officers constantly monitor their client’s existing loan to see if refinancing could work to someone’s benefit. And it’s not always because rates have fallen. Here are the top five benefits of a refinance.Lower Monthly PaymentT .....POSTED ON October 16, 2017
WHAT ADVANTAGE DOES A 3/1 FHA ARM HAVE OVER A 5/1?
Adjustable rate mortgage loans historically were the home loan of choice when interest rates were relatively high. For example, if you bought a house say in 1987 you would find that fixed rates were available but they weren’t all that popular because a standard 30 year fixed rate was somewhere around 11.00%. That’s right, 11.00%. That’s why a .....POSTED ON October 16, 2017