Bella Mertz If you’re considering a career as a mortgage loan originator in Texas, one of your biggest questions is likely – how much does an MLO make in the Lone Star State? Let’s take an in-depth look at mortgage loan originator salaries in Texas. What is a Mortgage Loan Originator? First. a quick overview of what … Read more
Buying a home is an exciting milestone in life. For many their first home purchase is made possible through an FHA loan. With low down payments, flexible credit requirements, and low interest rates FHA loans offer an affordable path to homeownership. As your life and needs change, you may consider purchasing additional properties as primary … Read more
The VA loan offers active troops and veterans an incredible mortgage option. But, to offset the program’s costs, the government charges many borrowers a funding fee. Fortunately, some veterans qualify for funding fee exemptions. If you didn’t meet the requirements for a VA funding fee exemption when applying for a VA loan but do now, … Read more
Buying a piece of land to build a house or start a business on is an exciting prospect. However most people can’t afford to pay cash for raw land. That’s where land loans come in. What is a Land Loan? A land loan, also called a lot loan, is a loan used to purchase a … Read more
Buying a home is an exciting milestone, but saving up enough for a down payment can feel daunting Many aspiring homeowners believe they need to put 20% down to qualify for a conventional loan But here’s a little-known fact You can actually get a conventional mortgage with just 5% down. In this comprehensive guide, we’ll … Read more
Department of Veterans Affairs (VA) loans are an attractive mortgage financing option for qualifying home buyers. If youâre an active-duty military member, a veteran or a surviving spouse, you can enjoy lower mortgage rates, limited closing costs and little to no down payment if you meet certain eligibility requirements for a VA loan. However, if … Read more
You can have more than one loan backed by the Federal Housing Administration (FHA). You’ll need to follow strict rules about living in each home as your primary residence, however, which may limit how many FHA loans you can have. The Federal Housing Administration (FHA) backs mortgage loans with favorable terms to help borrowers with … Read more
At New Western, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts. When it comes to financing a property, owner occupancy is an important consideration. Because loan terms differ based on occupancy type, lenders will often require primary … Read more
Buying a home is an exciting milestone in life. But for many first-time homebuyers navigating the home loan process can feel overwhelming. This is especially true when it comes to understanding the details of getting an FHA loan. In this comprehensive guide, I’ll walk you through the fha home loan process from start to finish. … Read more
During your homebuying process, you’ll have a close relationship with your personal lender. After closing day, however, your loan will be managed by a loan servicer who may or may not be the lender who assisted with your loan during the home buying process. Either way, the loan servicer will provide notice of their service … Read more