Back in the early ’80s, Wisconsin recognized the opportunity to help its citizens with homeownership opportunities by implementing specific unique mortgage programs. From this desire, the Wisconsin Housing and Economic Development Authority (aka WHEDA) was created. Since its inception over 1,000 grants have been awarded, enabling people to find their own place to call home. […]
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.
Texas VA Home Loan If you have served in the military and now want to buy a home in Texas, the VA loan program is worth considering. This program has helped over 20 million veterans buy property and offers many advantages. Choosing a VA Loan When Buying a Home in Texas The VA loans program […]
Due to the popularity of the FHA program, Fannie Mae has felt the pinch of competition. In order to serve more people, Fannie May introduced the My Community Mortgage program. This program has been retired and was replaced with the HomeReady® program. The HomeReady® mortgage makes it possible for people with low to moderate-income to […]
VA Refinance (Non-Streamline) A home loan, or a mortgage, is just like any tangible part of a home; it can be replaced. Appliances get updated or replaced due to improvements in efficiency. Carpeting, paint schemes, furniture and décor are replaced in order to accommodate different needs or to stay current with modern styles. A mortgage can […]
Enjoy the ease and convenience of one loan and one low payment. No monthly Mortgage Insurance (MI) premium Potential for qualifying for a larger loan Potential for greater tax benefits Potential savings over the life of the loan What is Lender Paid Mortgage Insurance (LPMI)? With the LPMI option, the lender pays your mortgage insurance […]
These are steps that many home buyers miss, and later wish they hadn’t. We look at the 20 things you should be doing after closing on your new home so that you don’t make the same mistakes.
Texas FHA Loan When buying a home in Texas, an FHA loan offers some advantages. For good reason, it is a popular choice for first-time buyers, but this doesn’t need to be your first property to benefit from this government-backed loan program. Features of the FHA Mortgage Program Created and insured by the Federal Housing […]
Buffalo Grove is one of the many Chicago suburbs. Classified as a village, Buffalo Grove is located across two counties, Lake and Cook. Buffalo Creek runs through the village, deriving its name from the bison that were commonly seen by Potawatomi Native American tribe. The bison also frequented the grove near the creek, lending the […]
Buying your first home is very exciting, but are you sure you are ready? There are more responsibilities and expenses when you make the switch from a tenant to an owner than you might imagine.
