June 30, 2022
Mortgage Rates Today The number of mortgage applications increased 0.7% as reported by Mortgage Bankers Association. “Mortgage rates continue to experience large swings. After increasing 65 basis points during the […]
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June 30, 2022
Homeowners who have waited patiently to see if rates will go lower finally have their chance. According to Freddie Mac, the 30-year fixed-rate mortgage fell to the lowest rate ever […]
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Home Buying · Understanding Mortgages
June 20, 2022
Even if your adult child is hardworking and responsible, they may be struggling to get a mortgage. The problem could be their lack of credit history, strict lending regulations or […]
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June 20, 2022
When you apply for a mortgage, the lender will check your monthly income to make sure you can afford to make regular house payments. For some borrowers, monthly income isn’t […]
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June 19, 2022
Home buyers pay an upfront mortgage insurance premium when they close on an FHA loan. This upfront fee — known as UFMIP or MIP — equals 1.75 percent of the […]
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FHA Loans · Home Buying · USDA Home Loans · VA Home Loans
June 15, 2022
100% financing home loans for new and repeat home buyers 100% financing home loans are mortgages that finance the entire purchase price of a home, eliminating the need for a […]
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June 10, 2022
There are loan programs, along with home buying assistance programs, that can help put the dream of homeownership within reach for single mothers. “It can be tough to support a […]
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June 9, 2022
Putting investment property equity to work Cash-out refinancing for primary residence (owner-occupied) homes are gaining in popularity, but so are cash-out loans for investment properties. While they were hard to […]
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First-Time Home Buyer · Home Buying
June 7, 2022
Home shoppers can kick off the mortgage process with a loan prequalification. As the first of several steps in the mortgage application, the lender will provide an estimate of how […]
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June 2, 2022
What are closing costs? Any home loan — whether to purchase a new home or refinance a current loan — will come with closing costs. Closing costs cover a variety […]
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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
