Over the past few years, the basic guidelines for lending money on investment properties have changed greatly. At one time, during the late 1990s and into the early 2000s, multiple mortgage lenders offered various loans designed specifically for buying a rental property. However, with the real estate crash, all of that has changed. Listed below […]
Indiana VA Loan: How To Get A VA Loan in Indiana If you have served in the armed forces, you can benefit from a VA loan when purchasing a home. The Department of Veterans Affairs has authorized lenders to offer loans based on their rules. This reduces the risks for the lender as the loan […]
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?
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! […]
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 […]
Minnesota VA Loan The many women and men who serve our country in the armed forces deserve our utmost respect. They willingly sacrifice themselves in the pursuit of our country’s freedom. It is for this very reason that the Department of Veterans Affairs introduced VA loans. Unique Minnesota VA Home Loan Features The VA home loan […]
If you want to use rental income to help finance an investment property, a debt service coverage ratio (DSCR) mortgage could meet your requirements. The cash flow from the property can be used to qualify for the loan without needing to provide additional income documentation, such as tax returns. But is a DSCR loan right […]
On the banks of Zumbro River in Minnesota is Olmsted County’s county seat, the city of Rochester. Rochester is the largest city in Minnesota behind the Twin Cities metro area. Population and Number of Homes The recent census from 2010 shows that Rochester has 106,760 citizens. There were over 45,000 housing units making the density […]
Dive into some of the advantages and disadvantages of a homeowner association and give you information to help you make a good decision for your next home purchase.
Indiana USDA Rural Development Mortgage When looking to buy a home in Indiana, saving a large down payment could delay your purchase for years. Your lender might require 5% of the sale price as a down payment to qualify for the loan, but with a USDA Rural Housing guaranteed home loan, this is something you […]
