The VA mortgage has some wonderful benefits along with a few obstacles that borrowers need to understand. Learn the pros and cons of the VA loan and make a good, educated decision about your home purchase.
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Mortgage Credit Certificate: A First Time Home Buyer Tax Credit
The Mortgage Credit Certificate (MCC) is a tax credit that has been around for a number of years to help Wisconsin homeowners improve their ability to pay for their mortgage. Here are the basic guidelines of how the program works.
Pros and Cons of FHA Loans for Home Buyers
Weighing up the pros and cons will better help you understand whether your unique financial situation best suits an FHA loan.
Requirements For an FHA Home Loan in Florida
How To Qualify For An FHA Loan in Florida The FHA loan has long been a standard for first-time homebuyers and experienced home buyers alike to purchase a home. There are many reasons why this program continues to be popular among potential homeowners. Here we present some of the basic guidelines of the program for […]
Jumbo Mortgage
There is a solid reason why the word “jumbo” is used to identify a certain type of mortgage loan. Typically, a jumbo loan is enormous in size when compared to an average home loan. For this reason, jumbo loans have a few special criteria that set them apart from other types of loans. What is a […]
How to Get a Mortgage After Transferring Jobs to Another State
This article discusses things that lenders will approve for people moving to another state, as well as things that will get a mortgage application turned down, and why.
FHA Streamline Refinance
The Federal Housing Administration (FHA) does more than offer ways for people to buy a home. They have another program designed to allow homeowners to get a lower interest rate, and hopefully a lower payment, without going through all the normal work associated with a refinance. The program is called the FHA Streamline Refinance and […]
Time Needed to Close a Mortgage
Learn who is involved in the process of closing a loan and why it can take some time to seal the deal to your new home.
Homebuyer’s Guide to Debt-To-Income (DTI) Ratio: How To Calculate
Take the time to understand how the debt-to-income ratio works and what you can do to bolster your chances of getting approved for a mortgage.
10 Benefits of USDA Loans For Home Buyers
For people that want to not only buy a home but get a great deal on their mortgage, the USDA home loan is one of the better programs available for those who qualify.