Many misconceptions exist about the process of acquiring a jumbo mortgage loan. Thanks to the improving luxury housing market, jumbo loans have made a rebound. This article discusses the top 5 jumbo mortgage myths and why they are wrong.
Qualify for an FHA Loan in Virginia You’ve probably heard of FHA loans when thinking about buying a home in Virginia, but is it the best option for you? It is a popular choice, not only for first-time home buyers, and there are many reasons to seriously consider this type of mortgage. We look at […]
Rather than provide their kids or grandkids with a check as a down payment on a home, some people choose to offer a gift of equity on an existing home.
Although some of these things may sound too good to be true, or even insane, all of the following facts about the USDA mortgage program are true.
Texas VA Home Loan If you have served in the military and now want to buy a home in Texas, the VA loan program is worth considering. This program has helped over 20 million veterans buy property and offers many advantages. Choosing a VA Loan When Buying a Home in Texas The VA loans program […]
Homeowners often get a ton of information from various sources about refinancing. Because there are many types of refinances it can be a bit confusing when trying to compare the different loans. This article will serve as a basic guide to explain a refinance mortgage and why a person would consider this financial move. Basics […]
Texas FHA Loan When buying a home in Texas, an FHA loan offers some advantages. For good reason, it is a popular choice for first-time buyers, but this doesn’t need to be your first property to benefit from this government-backed loan program. Features of the FHA Mortgage Program Created and insured by the Federal Housing […]
The overall strong real estate market has seen major booms in the last few years. The increase in average prices have led to a change in the Fannie Mae and Freddie Mac conventional loan limits, yet again. For the year 2024, the maximum loan limit amount allowed by either Freddie Mac or Fannie Mae for […]
Michigan FHA Loan When you are purchasing a home in Michigan, an FHA loan may offer some advantages. Whether you are purchasing your first property, or even if you have owned many homes, a loan backed by the FHA (Federal Housing Administration) could meet your requirements. Benefits of FHA Mortgage Loans If you have had […]
The title seems misleading, right? Every mortgage lender goes to great lengths to explain to real estate agents and borrowers how mortgage insurance is necessary, how to calculate the amounts and when the mortgage insurance will likely fall off the mortgage. However, how does PMI benefit the actual home buyer?
