Post image for Common Mistakes Made by People Who buy a Home with Little or No Down Payment

When people search for a home mortgage with little to no down payment, they often neglect some other important items in the home buying process. Here are some common mistakes that can be avoided with a little work.

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Post image for How the Uninformed Gamble with Their Home: Protect Your Belongings with the Right Insurance Policy

Mention the word insurance to one of your friends or co-workers and watch their eyes glaze over with confusion, fear and even frustration. Insurance, in its many forms, can be quite difficult to understand. Here is a primer that will hopefully help first time home buyers make a better decision for their home insurance needs. 

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Post image for The Shocking Truth about the Fine Details of an FHA Loan

Being comfortable with how something works can help relieve the stress and fear of tackling a new task. Parents try to explain the various duties a doctor will perform in order to make the annual checkup more bearable. In turn, surgeons will tell their patients what to expect during recovery so that they understand how long they will have to wait until their body is back to complete health. Understanding how an FHA loan works can relieve stress for home buyers in the same kind of way. Here are some of the major points to consider.

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Post image for 5 Ways that VA Mortgages Trump Other Kinds of Loans

According to the latest reports over 20 million loans have been provided to Veterans since the VA mortgage program started in 1944. It has gone well beyond helping a group of returning soldiers obtain a loan to the point that whole generations have benefited from the VA’s efforts. For people that meet the requirements a VA mortgage beats out other types of home loans in big ways.

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Post image for Rise in Conventional Mortgage Rates is Good News for Jumbo Loans

The recent rise in mortgage rates for conventional loans has created quite a buzz in the real estate industry. Analysts are busy trying to predict how this will impact the sale of homes since the overall market has steadily increased for several months. However, the people that are in need of a jumbo mortgage are quite happy. The normal gap that exists between conventional rates and jumbo rates has shrunk, providing the jumbo purchases a chance to get a loan at a great rate.

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Post image for Making the Case for USDA Purchase Loan

If you are thinking about buying a home in the near future you likely want to get the best rate along with the lowest down payment. Basically, you are looking for a deal similar to buying an automobile. The type of mortgage you get will be based on quite a few factors such as:

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For the Right People, the Conventional Mortgage is Best

September 17, 2013
Thumbnail image for For the Right People, the Conventional Mortgage is Best

For people that meet certain requirements, the conventional mortgage loan can be the best way to purchase a home. It is important to understand what the requirements are and to see if you fall in the conventional loan category.

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Understanding the Basics about a Mortgage Refinance

August 21, 2013
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Thanks to the historically low rates that have prevailed for the past few years, lots of people have either purchased a home or refinanced an existing mortgage. Unfortunately, many people are not clear on some of the fundamentals of a home loan. Listed below are some of the basic items people should understand prior to refinancing their current loan.

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Key Points to Keep in Mind When Buying Your First Home

July 10, 2013
Thumbnail image for Key Points to Keep in Mind When Buying Your First Home

Purchasing your first place should be a time of excitement for you. After you have spoken to a lender and received qualification to purchase a home, it is time to find the right property. Here are some key points for first time home buyers to consider when searching for your first house.

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The Importance of Including Each Spouse on a Reverse Mortgage

June 12, 2013
Thumbnail image for The Importance of Including Each Spouse on a Reverse Mortgage

Some decisions are very sound and risk free IF the person will simply follow a few guidelines. One guideline for reverse mortgages is double checking to ensure each spouse is included on the mortgage.

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