PP vs Mortgage Rates

Rising Mortgage Rates Affect Spending
According to Freddie Mac, last week’s mortgage rates continued their upward trend.

Since the election, interest rates have seen more ups than downs.

30-year fixed mortgage rates averaged 4.19 percent, when they were just 3.79 percent one year ago.

But how […]

By |February 24th, 2018|FHA Loan|0 Comments

What NOT to do when applying for a mortgage

Remove Obstacles Before You Start
For most people, a home is the largest investment of their lives.

The majority of today’s homeowners will use mortgage financing for this investment. Fortunately, more than 75% of home purchase applications are approved and completed, according to a recent study […]

By |February 24th, 2018|FHA Loan|0 Comments

VA Loan: Non-Veteran Co-buyer

Joint VA Home Loan: Non-Eligible Co-Borrowers
Special rules apply when co-borrowers who are not married take out a VA home loan.

All co-borrowers don’t need to be VA-eligible. However, only the eligible borrower’s portion of the loan gets a VA guaranty. Entitlements are pro-rated when joint borrowers include:

the […]

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Becoming a Homeowner as a Single Parent

Single moms can sometimes have it rough trying to raise their children by themselves and pay the bills.

Buying a house on top of all of that seems almost unachievable. But there are loans available and lots of assistance to make […]

By |February 24th, 2018|FHA Loan|0 Comments

FHA vs USDA

How Affordable Are USDA Home Loans?
Home buyers looking for a zero downpayment mortgage with low monthly payments should consider USDA home loans.

The United States Department of Agriculture (USDA) loan, also known as the Rural Development (RD) loan, requires no downpayment and is available to […]

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Selling your home with the help of an Assumable loan

When you sell your home, you should use every technique available to market your property. Price it appropriately for market conditionsand get it in the best possible shape.

In addition, there’s one marketing tool that many homeowners forget they can use: an assumable home loan.
Government […]

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Next year’s rates

Mortgage Rates: The Ups And Downs
Thinking hard about buying a home? You’re likely keeping a close eye on mortgage rates, which in part determine how much home you can afford. After all, when rates go up, purchasing power goes down.

The […]

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Need a down payment? Consider a home equity line

HELOC: Most Homeowners Don’t Use Them For This
A home equity line of credit (HELOC) works great for home improvement projects or to consolidate debt.

But most homeowners never use them for this: to make a down payment on another home purchase.

Whether you […]

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Rate updates

What’s Driving Mortgage Rates Today?
No major economic reports made their presence felt today, but it probably wouldn’t have mattered if they had. The Trump versus Comey contest has all eyes and will likely influence mortgage rates far more than any […]

By |February 24th, 2018|FHA Loan|0 Comments

VA financing for Widows

Home Loan Assistance For The Surviving Military Spouse
Members of the U.S. armed forces have an advantage over the non-military home buyer or homeowner.

The VA home loan is exclusively for veterans and active-duty service members. This loan comes with low mortgage rates and requires zero […]

By |February 24th, 2018|FHA Loan|0 Comments