FHA loans allow you to buy a home with as little as 3.5% down on the home and with a credit score as low as 580. Before you jump on board with the program, though, you should know the maximum amount you can borrow with this loan program.Compare Offers from Several Mortgage Lenders.Unlike … Continue about What is the Maximum you Can Borrow on an FHA Loan?
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Buying a Home
Financing Options for Purchasing a Multi-Unit Home
If you are in the market for a multi-unit home, you may have to be a little creative with your financing. Unless you have a large down payment and great credit, you may find yourself looking at … Continue about Financing Options for Purchasing a Multi-Unit Home
What Type of Mortgage Should You Choose?
Choosing your mortgage is almost as hard as choosing the house you want to buy. The mortgage, just like your home, is something you will have for many years, especially if this is your forever home. … Continue about What Type of Mortgage Should You Choose?
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What is the Maximum you Can Borrow on an FHA Loan?
FHA loans allow you to buy a home with as little as 3.5% down on the home and with a credit score as low as 580. Before you jump on board with the program, though, you should know the maximum amount you can borrow with this loan program. Compare Offers from Several Mortgage Lenders. Unlike […]
Smart Ways to Use your Cash-Out Refinance Proceeds
You have equity in your home and you want to use it. While there may be a program that allows you to tap into that equity, it’s not always the right choice. Before you jump in and take the equity out of your home, learn which uses are best for your equity and which are […]
How to Protect Yourself When Hiring a Contractor for Home Renovation
Hiring a contractor to work on your home is serious business. Not only can it be expensive, you are trusting someone else with the integrity of your home. Before you hire a contractor, there are some precautions you should know how to take. This way when you do hire a contractor, your home and your […]
Financing Options for Purchasing a Multi-Unit Home
If you are in the market for a multi-unit home, you may have to be a little creative with your financing. Unless you have a large down payment and great credit, you may find yourself looking at government-backed financing. These loans have more flexible guidelines, making it easier to qualify. Get Matched with a Lender, […]
Do FHA Loans Have Income Limits?
Many government-backed mortgage programs have income limits because the programs are designed for a specific set, such as low-income families. While FHA loans are a part of a government-backed program, they do not have income limits. You can make as much as you want and possibly still qualify for the FHA loan. Get Matched with […]
Do Credit Unions Offer Better Mortgage Rates?
When you shop for a mortgage, you have the option of a bank, mortgage lender, or credit union. Surprisingly enough, credit unions are becoming a more popular way to fund mortgages. Do they offer better rates? What other benefits do they offer? Get Matched with a Lender, Click Here. We answer these questions and more […]
Can You Qualify for A VA Loan With Part-Time Income?
Lenders like to see consistent and reliable income when qualifying you for a VA loan. What if you work part-time, though? Will your part-time income be enough to get you a mortgage? Compare Offers from Several Mortgage Lenders. A History of Part-Time Income The VA is strict about how long you must make your part-time […]
Can You Add Renovation Costs to a Mortgage When Purchasing?
If you found a home you love, but know that it needs some renovating, you may wonder if you can add the renovation costs to your mortgage. Typically, purchase mortgages don’t allow you to pay for anything except the cost of the home and possibly some closing costs. Compare Offers from Several Mortgage Lenders. There […]
Can PMI insurance Payments be Deducted on Taxes?
Private Mortgage Insurance is important to homebuyers because it helps them afford homes with less than 20% down on the home. Because the premiums can get costly, it can get overwhelming. You know that you can write off the interest you pay on your mortgage, but what about the PMI? Compare Offers from Several Mortgage […]
How to Pay Off Your 30-Year Mortgage Faster
You took out a 30-year loan because it seemed like a good idea at the time. You wanted to keep your monthly payments as small as possible. That’s what many new homeowners do, especially if they’ve never had a mortgage before. Get Matched with a Lender, Click Here. Now that you are established in the […]