An escrow account can be a great benefit to new homeowners that are trying to get their financial plans in order and establish some good money habits.
We strive to provide the best Mortgage and Real Estate information on current programs, news and the industry at large. Please subscribe to our blog to receive updates via email. Follow the conversation at #MortgageUpdate on twitter for the latest industry updates and helpful articles from around the blogosphere!
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.
The FHA reverse mortgage is undergoing significant changes. The modifications are designed to protect seniors & help them maintain possession of their home.
A non-occupying co-borrower that has a solid credit history, low debt and enough income to meet their needs as well as help one of their relatives can step in and boost an overall mortgage application.
For people willing to think outside the box, an FHA 203K loan can be a great alternative to a construction loan. People looking to become homeowners are often faced with the same old question: buy a new home, build a new home or buy an existing home? For most people, building a new home can be quite a challenge.
Changes made in conventional lending rules a few years ago now make it possible for real estate investors to finance more than 4 investment properties. Follow these guidelines for help with financing properties 5 through 10.
Buying a home while in the middle of a divorce takes a bit more preparation and understanding compared to other types of home purchases. The following information should help people that are in the midst of a divorce and wishing to buy another home.
The resurgence of jumbo mortgage loans coupled with easier lending is making it much easier for people to buy a dream home while retaining their hard earned nest egg.
The VA Mortgage is standing ready to endorse their no money down loans to aid veterans in getting a home.
Specific types of mortgage loans take longer to close than others. Here are the various types of loans and the approximate length of time necessary to close