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.
Pros and Cons of The VA Loan
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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.
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.
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.
USDA Loan Florida
Florida USDA Home Loan Buying a home without making a down payment can be rather difficult. Most conventional mortgages require at least some type of down payment that ranges from 3% to as much as 20% of the home’s selling price. For a $200,000 home that can mean $6,000 to $40,000 out of your pocket! […]
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.
Niche Mortgage Programs That Home Buyers Should Know
If your situation doesn’t fit the standard expected by lenders, you could find it more difficult to qualify for the home loan you want. But there could be other options that will make financing your home purchase easier.
No and Low Money Down Mortgage Options
For potential home buyers who are in need of saving money on their purchase, there are some great ways to buy a home with a no or low down payment requirement. A few of the loans have very specific requirements in order to qualify. However, as we will show, most of these loans are available […]
