November 26, 2020
Mortgage Rates Today Mortgage applications were up last week, as reported by Mortgage Bankers Association. “Weekly mortgage rate volatility has emerged again, as markets respond to fiscal policy uncertainty and […]
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November 24, 2020
A mortgage pre-approval letter is a document from a lender confirming their willingness to lend you a specified maximum amount of money.
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November 16, 2020
Though it’s possible to get a mortgage with a lower credit score, you’ll want a score of at least 740 to qualify for the lowest interest rates. Surprisingly, though, credit […]
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November 13, 2020
The short answer is changing jobs can affect your loan approval. From your lender’s perspective, your employment history and income are paramount to your ability to make your payments. That […]
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Home Buying · Investment Properties
November 13, 2020
Should you rent out your current home to buy again? Figure out the tax implications, whether you qualify, and even the emotional attachment to your home. “Becoming a landlord can be […]
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November 13, 2020
Mortgage closing costs range from 2-5% of a home’s purchase price. That can add up. But, many sellers are eager to pay your closing costs in order to sell their home […]
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November 3, 2020
Most conventional mortgages come with caps on the amount you can borrow. These are called “conventional loan limits” or sometimes “conforming loan limits.”
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October 21, 2020
That’s a question without a simple answer; it depends on the specifics of your lifestyle and finances.
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October 16, 2020
How much is PMI on a mortgage? Private mortgage insurance (PMI) is usually between 0.19% and 1.86% of your mortgage balance. And you sometimes need to pay an upfront premium […]
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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
