In order to get a loan for a prebuilt delivered modular home, you will need a construction loan. A construction loan... read more →
Construction to Perm Loans: An Overview If you’re having a home built for you, it’s important to understand how to... read more →
Income and Mortgage The thought of losing your home can be terrifying, especially if you've been doing your best to... read more →
What is a Mortgage Rate Lock? A mortgage rate lock is an agreement between a borrower and a lender to... read more →
The mortgage process may seem like a daunting task, especially as a first time home buyer. However, when broken down... read more →
Applying for a loan can be a difficult and strenuous process. Since its creation in 1949, the United States Department... read more →
What is the Annual Percentage Rate (APR)? While considering a mortgage, there are many kinds of payments and costs, as... read more →
Fannie Mae is a Government Sponsored Enterprise (GSE) offering a variety of loan options to help low-income and first-time homebuyers... read more →
What is a Co-applicant? A co-applicant is any additional borrower whose name appears on the documents for a loan and who... read more →
For those with low incomes and little savings, affording a down payment for a new home can be an overwhelming... read more →
While applying for a home loan with future spouse on a home loan may be stressful, there are benefits to... read more →
Mortgage rates are constantly changing, making it difficult to decide when it is best to lock in a rate and... read more →
How Can a Home Loan Save You on Income Taxes? Tax deductions are a great way to save money on... read more →
How to Obtain a Mortgage with Low Income and Good Credit Purchasing a home is a considerable investment. While purchasing... read more →
The 1960s were a turbulent time, but they also saw the passage of many landmark pieces on legislation in the... read more →
Using a Personal Loan as a Downpayment on a Home Making the downpayment on a home can be the most... read more →
The United States Department of Agriculture (USDA) assists qualifying borrowers in finding affordable housing. USDA loans provide low-to-moderate income households with... read more →
FHA: Income Limitations & Qualifications Federal Housing Administration (FHA) loans are loans sponsored and partly backed by the U.S. Department... read more →
Breakdown of VA Loans by State VA loans are mortgage loans that are backed by the Department of Veteran Affairs.... read more →
There are a variety of reasons to refinance your home, from lowering monthly payments to building your home's equity. There... read more →
If you're looking into getting a mortgage, you may find yourself asking "Who are Fannie Mae and Freddie Mac and... read more →
There are many important documents that you will read and sign throughout your mortgage application process. One of these is... read more →
From kindergarten to college, we go to school for an education in the hopes that it will prepare us for... read more →
What is HARP? The Home Affordability Refinance Program, or HARP, is a HUD-sponsored program intended to help lower income homeowners... read more →
For many first-time home buyers, there's one thing that holds them back the most from moving forward on a home:... read more →
What are VA loans? VA loans, or Veteran's Administration loans, are mortgage loans that are backed by department of veteran... read more →
Here's a Few of the Best Sites for Mortgage Lender & Broker Reviews 1. Zillow Zillow is one of the... read more →
What is a bridge loan? A bridge loan, or gap financing, is one way to receive financing when caught in... read more →
What are USDA Loans? A USDA loan, or USDA Rural Development loan, is a type of mortgage loan. It is... read more →
Federal Housing Administration (FHA) loans are loans designed to help low-income earners with their home and property needs. The FHA,... read more →
VA Loan Requirements If you or a family member is a military service member or veteran considering buying a home, you... read more →
Definition: conventional loan A conventional loan is a mortgage that is not guaranteed or insured by a government agency.
Definition: rehabilitation loan A rehab loan is a one-time opportunity to clean the default on a defaulted federal education loan... read more →
Definition: jumbo loan Jumbo loans are given out for an amount that exceeds conforming loan limits established by regulations. In... read more →
Definition: investment loan An investment loan is an amount of money lent to finance a project.
Definition: USDA Loan A USDA loan is a zero down payment mortgage that is made available to rural and suburban... read more →
Definition: VA Loan A VA loan is a mortgage loan program provided to help veterans and their families obtain home... read more →
What is a first time home buyer loan and who is a first time home buyer? A first time home... read more →
Definition: loan application A loan application is a document the provides information, financial and otherwise, about the borrow that lenders... read more →
When getting pre-approved, there are some documents that you might be asked for. Documents needed for a mortgage pre-approval: Proof... read more →