Many consider pests to be pesky, but they can also be quite pricey. According to The National Pest Management Association (NPMA), termites cause an estimated $5 billion in damage to structures in the U.S. each year. Itâs important, then, to take preventative measures against pest infestations. One way to do so is by getting a … Read more
More and more lenders are offering no-doc mortgage options to help borrowers with tricky income situations with loans to buy or refinance homes. Also called no-income verification mortgage or stated income loan, a no-doc mortgage may help you close your home loan faster, especially if you have complicated tax returns. Today’s no-income-verification mortgages come with … 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
Buying your first home is an exciting milestone but it can also feel overwhelming navigating the homebuying process. That’s why programs like the Home Sweet Texas Home Loan Program exist to help make homeownership attainable for first-time homebuyers in Texas. As experienced home lending professionals we want to empower you with the knowledge you need … Read more
Though USDA loans only officially require an appraisal — not an inspection — USDA buyers should still consider seeking one. Home inspections help buyers better understand the property they’re planning to purchase and provide options in the event the home has problems or defects. It’s easy to confuse an appraisal with a home inspection. Though … Read more
Closing costs can be a huge, unexpected expense when purchasing a home. Think $8,000 to $10,000 or more on a typical purchase. But current mortgage rules allow sellers and other parties to pay all or part of your closing costs. Purchasing a home is likely the biggest financial decision you’ll ever make. And in today’s … Read more
With a few exceptions, the answer is no Part of the Series Federal Housing Administration (FHA) Loans Understanding FHA Loans Low down payments and low credit score requirements make Federal Housing Administration (FHA) loans an attractive option for homebuyers who might not qualify for a traditional mortgage. While this may be good news for some … Read more
Understanding and planning for upfront loan costs are one of the best things you can do to prepare yourself when buying a home—financially and emotionally. If you’re planning to build a new home from the ground up or renovate your current home, fear not. You have a variety of loan products to choose from! We’re … Read more
Simple interest is a basic method for calculating the cost of borrowing money. It is easy to understand and compute. But simple interest loans are not suitable for all situations. There are some guidelines for when simple interest is typically used versus compound interest. What is Simple Interest? With simple interest, the interest rate is … Read more
Filing for Chapter 7 bankruptcy can feel like hitting rock bottom financially. While it wipes your slate clean, it also crushes your credit score making it tough to qualify for loans afterward. But if you’re a veteran or active-duty military, there’s a bright light ahead – the possibility of a VA loan. VA loans offer … Read more