The Mortgage Credit Certificate (MCC) is a tax credit that has been around for a number of years to help Wisconsin homeowners improve their ability to pay for their mortgage. Here are the basic guidelines of how the program works.
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.
Mortgage overlays are specific rules a lender follows ABOVE the published guidelines set by Fannie Mae, Freddie Mac, FHA, VA and USDA.
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.
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.
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.
The signs are quite clear. Record low rates, low prices and good homes to pick from make this a great time to be a first time home buyer!
It is important for people to get solid information about the different types of loans available before they make their final decision on a home purchase. The USDA mortgage is simple to understand once the facts are laid out.
When the sub-prime mortgage loans crashed it was the FHA loans that saved the day. Millions of buyers that would have continued to rent or live with relatives were able to buy a home thanks to the Federal Housing Administration’s insured loans. Gary Thomas, the president of NAR (National Association of Realtors) explained this point in a recent testimony in front of the Senate Banking Committee. He went on to explain that the down turn in the real estate market would have been much worse if not for FHA.