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?
VA SPOUSE QUALIFICATIONS
For those that are VA home loan eligible, buying and financing a home with little or no money down couldn’t be easier. Many times however, the veteran is married and the spouse will be on the mortgage as well but not have any VA home loan eligibility. Can the veteran add a spouse to the mortgage if the spouse isn’t VA eligible? Sure. Married couple .....POSTED ON October 5, 2017
UNDERSTANDING A VA IRRRL REFINANCE
The government is big on acronyms and the Department of Veteran’s Affairs is no different. The VA mortgage program has a specific type of refinance loan called the Interest Rate Reduction Refinance Loan, or IRRRL. This is a program unique to the VA and allows those with existing VA mortgage loans refinance with less documentation required and a str .....POSTED ON October 5, 2017
THE MORTGAGE CREDIT CERTIFICATE ASSISTANCE PROGRAM (MCC)
Perhaps one of the most widely available mortgage assistance programs in today’s market is also one of the least-used. That’s because many mortgage lenders shy away from the program due to the way the MCC works. But that’s too bad as the MCC can help buyers qualify for the home they really want. The MCC isn’t complicated, it just takes a lender exp .....POSTED ON October 5, 2017
THE EXTRA CREDIT TEACHER HOME PURCHASE PROGRAM (ECTP)
One of the many ways the state of California rewards its teachers is with the Extra Credit Teacher Home Purchase Program, or ECTP. This special program is one of the many financing assistance options offered by the California Housing Finance Agency, or CalHFA. This program helps those who qualify secure additional funds needed to buy and finance a .....POSTED ON October 5, 2017
STREAMLINE REFINANCE VS. CONVENTIONAL REFINANCE
Borrowers do their homework and work with their loan officer and choose the perfect mortgage for their home purchase. Yet even though such careful work is put to good use there can be a time in the future when that loan needs to be replaced with another. A refinance occurs when a new mortgage replaces an existing one. Borrowers can decide to refina .....POSTED ON October 5, 2017