Getting an FHA loan can be a great way for first-time homebuyers and those with lower credit scores to purchase a home The low down payment requirements of just 35% make FHA loans accessible. However, FHA loans come with mortgage insurance premiums (MIP) that must be paid for the life of the loan. This extra … 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
Owning a home is one of the biggest financial accomplishments for many people. Not only does it provide you with a place to call your own, but it can also help you build financial security through home equity. As you pay down your mortgage loan and as your home increases in value you gain equity … Read more
A loan modification balloon payment can be an effective, yet sometimes controversial, way for struggling homeowners to avoid foreclosure and remain in their homes. As a homeowner facing financial hardship, understanding what a loan modification balloon entails, whether you qualify, the pros and cons, and how to pursue this option, is key. I’ll walk through … Read more
Estimate seller financing income amounts in a variety of different scenarios. Fine tune how much interest you want to earn and when you want to be repaid. If you like what you see, continue to learn more about seller financing. Share via: Payment options Seller financing, also known as owner financing or owner carry loans, … Read more
When you’re buying a traditional home, you can choose from a wide range of mortgages. But what about other types of homes? If you want to understand how to finance a manufactured home or mobile home, you’re in the right place. Purchasing a manufactured home along with the land it sits on can be an … 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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Use the following calculator to determine the maximum monthly payment (P+I) and the maximum loan amount for which you may qualify. DISCLAIMER: The figures above are based upon VAs debt-to-income ratio which is a ratio of total monthly debt payments (housing expense, installment debts, and so on) to gross monthly income. The VA has determined … Read more
Interested in finding out how to become a notary signing agent in Washington D.C.? We’ve got you covered. This Notary Signing Agent Washington D.C. article breaks down everything you need to know in easy-to-follow, succinct steps, and should help you commence your loan signing career with as little difficulty as possible. Recommended: Interested in getting … Read more