Mortgage overlays are specific rules a lender follows ABOVE the published guidelines set by Fannie Mae, Freddie Mac, FHA, VA and USDA.
Welcome to our Wisconsin blog archive page! Here you will find great articles on Wisconsin purchase and refinance loans and a ton of how to articles describing the lending process from start to finish. You will also find articles of commonly asked questions by people just like you. We try hard to answer questions about Wisconsin loans in our blog posts. We are here to help make the home buying and refinancing process as pain free as possible. If you can’t find what you are looking for here, please feel free to Contact Us with any questions. We are here to help!
For additional program information visit our Wisconsin Mortgage page.
The FHA 203k loan is ideal for a wide range of buyers. It can be used to purchase a home and borrow money to do a few simple modifications, such as paint and carpet or it can be used to totally remodel a home.
As long as the loan is currently owned by Freddie Mac or Fannie Mae, you can approach any lender of your choice to apply for the HARP program.
Without a doubt there is a bit of a learning curve for most first time home buyers when it comes to mortgages.
Very few things in this world are perfect. There is always a bit of negative with any product or service. However, one or two bad experiences can taint an otherwise exceptional service. Here are four common myths about the FHA 203k loan that are simply not true.
If you have studied the various mortgage opportunities and chosen the USDA Rural Housing loan as your method for buying your next home then pay close attention to this article.
The conventional loan is the most popular mortgage in the land. Nearly every mortgage lender can provide a conventional mortgage. Here are a few basic rules that define the conventional mortgage loan for a purchase transaction.
Within the past few years a Jumbo home loan with a fixed interest rate was nearly impossible to find. Thankfully, the improving home market and the surge in sales over $417,000 have brought back the fixed interest rate mortgage. The rates are quite attractive as well.
Here is a simple example, with lots of numbers, to help you understand when it is a good time to use your own money to pay in to a refinance.
Since the loan approval process is ever changing we thought it might be a good idea to share some general tips and potential pitfalls that a first time home buyer may run into when purchasing a home.