Weighing up the pros and cons will better help you understand whether your unique financial situation best suits an FHA loan.
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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.
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.
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.
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 […]
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.
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.
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 […]
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.