If you are looking to make a low down payment or if you are a veteran, the government may be able to help you with a Wisconsin, Illinois, Minnesota or Florida purchase or refinance! Check out these great government mortgage programs: FHA Mortgage Home Loans FHA loans are loans insured by the Department of Housing […]
The United States Department of Agriculture (USDA) offers a loan program known as the USDA Guaranteed Rural Housing Loan or just USDA Rural Housing mortgage. This program has been around for a number of years and is a great option for buying a home. The USDA Rural Housing Mortgage program is unique in three ways […]
Buying a home while in the middle of a divorce takes a bit more preparation and understanding compared to other types of home purchases. The following information should help people that are in the midst of a divorce and wishing to buy another home.
Look over these steps to prepare your home for an appraisal and help the appraiser view your property in a more favorable light.
Michigan FHA Loan When you are purchasing a home in Michigan, an FHA loan may offer some advantages. Whether you are purchasing your first property, or even if you have owned many homes, a loan backed by the FHA (Federal Housing Administration) could meet your requirements. Benefits of FHA Mortgage Loans If you have had […]
An escrow account can be a great benefit to new homeowners that are trying to get their financial plans in order and establish some good money habits.
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 […]
Home Possible® is a Freddie Mac program that has very flexible credit guidelines for low to moderate income borrowers. It’s available to purchase or refinance a single-family home, condominium, or a 2–4 family home. If you need some help to overcome obstacles to homeownership such as, having a non-traditional credit history or lacking of funds […]
In every area around the country, there are homes that sit for sale longer than most of the competition. For a homeowner, this can be frustrating but in some cases even expensive if the home prices are on an upward climb or the interest rates are changing. Fortunately, there are some things that you can […]
This detailed examination will provide the basics of getting a pre-approval from a local lender, looking for a property, completing the mortgage application and then the closing.
