Wraps are a form of seller financing in which an underlying lien remains in place (similar to a subto transaction). Wraps may act as a “passthrough” for the existing loan with no change to the terms and balance, or they may act as a “container” which holds the existing loan(s) and a markup in principal … Read more
Whether youre a first-time homebuyer, moving to a new home, or want to refinance your existing conventional or FHA mortgage, the FHA loan program will let you purchase a home with a low down payment and flexible guidelines.580 Credit Score- and only -3.5% Down RELATED ARTICLES FHA loan limits were established to define how much … Read more
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While we always want to make our monthly mortgage payments, sometimes life can get in the way. If youâre in need of mortgage assistance, there are options available. One of those options involves writing a financial hardship letter. A financial hardship letter is a written document for your lender explaining why youâre unable to meet … Read more
Buying a new home before selling your current one can be overwhelming, and bridge loans have been the go-to solution – until now. Among the various financing options available, bridge loans have traditionally been a popular choice. But is it the best one? In this post, we will explore the pros and cons of bridge … Read more
Just like the military, the mortgage industry uses plenty of acronyms. It might sound like a foreign language if you’re a first-time homebuyer who is unfamiliar with the lingo. Use this list of the top 11 mortgage acronyms and abbreviations as a guide to help you in your military mortgage research and meetings with a … Read more
While we always want to make our monthly mortgage payments, sometimes life can get in the way. If youâre in need of mortgage assistance, there are options available. One of those options involves writing a financial hardship letter. A financial hardship letter is a written document for your lender explaining why youâre unable to meet … Read more
Consumer network loans have revolutionized the way individuals access funds for various financial needs. In this comprehensive guide, we will delve into the intricacies of consumer network loans. By the end of this article, you will have a clear understanding of what consumer network loans are, how to acquire them, their various types, benefits, risks, … Read more
For the first time in decades, interest rates have hit record-breaking highs, more than doubling monthly mortgage payments. Consequently, many of today’s divorcing couples who have a favorable interest rate on an existing marital home may feel handcuffed. How can they see an optimistic path forward when it comes to securing affordable lending after a … Read more
If you’re looking for an alternative to a traditional, site-built home, you may want to consider financing a mobile home through the FHA manufactured home loan program. Sometimes called an FHA loan for a mobile home, this government-backed mortgage option allows borrowers with imperfect credit to purchase an affordable home. FHA Title 2 loans are … Read more