FHA guidelines prospective buyers need to keep in mind when shopping for their home. FHA approved lenders are able to offer mortgages with enticing rates for people that might not qualify for a Fannie Mae or Freddie Mac home loan.
Before you consider buying a condo, it is important to find out if the condo has been approved by Fannie Mae or Freddie Mac, if you are going to use a conventional loan. If you are using a government-insured loan from the FHA, VA, or USDA, the condo project has to be approved by their requirements.
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?
For the right borrower, a WHEDA mortgage can be an excellent way to before a homeowner. Take a look at the following pros and cons of the WHEDA loan!0
Qualify for an FHA Loan in Illinois The FHA (Federal Housing Administration) loan is a great way for Illinois residents to purchase a home. Whether you’re buying your first home or 6th home, getting an FHA loan makes it possible to achieve homeownership with several advantages. Look at the following FHA mortgage requirements to learn more […]
Along the shore of Lake Michigan, and north of Chicago, lies the town of Northbrook. The town receives its name from the Chicago River’s Northern branch that cuts through the town. Northbrook is a part of the wealthier suburbs of Chicago that are collectively called North Shore. Population and Number of Homes The most recent […]
Back in 2009, as the mortgage crisis was slowly ending, many homeowners found themselves in a terrible position; their home was worth much less than their current mortgage balance. To persuade people to stay in their homes and avoid a wave of foreclosures across the country, Fannie Mae and Freddie Mac introduced the HARP plan. […]
In the great Badger State, the VA Loan benefit can be used whether a borrower needs to purchase a home or refinance an existing VA loan on a home in Wisconsin. The VA program that is authorized by the Department of Veterans Affairs provides access to a great benefit to the men and women who have […]
When you want to buy a home, finding the best mortgage program could make a significant difference to your long-term finances. If you are looking to live in rural Virginia, you could benefit from the advantages offered by the USDA’s mortgage program. Choosing a USDA Mortgage Loan The United States Department of Agriculture has a […]
We look at the things you can do to get ready to move out of your parents house less scary and more successful. Easy steps that anyone can follow.
