September 24, 2020
Mortgage Rates Today Mortgage application activity remained strong this week, as reported by Mortgage Bankers Association. “Purchase applications were up over 25 percent from a year ago, and the demand […]
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September 18, 2020
There’s no one-size-fits-all answer to this one and it’s going to depend on a number of factors, including the type of mortgage you want and your personal financial circumstances.
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Ask Tim · Conventional Loans · FHA Loans · Private Mortgage Insurance
September 16, 2020
Q: I have good credit of about 730. I meet the requirements for both FHA and Conventional 97. I plan to live in the home for 6+ years. Which has […]
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Home Buying · Understanding Mortgages
September 16, 2020
When you’re asked to write a letter of explanation by a mortgage underwriter, look at this as a valuable opportunity to clearly communicate your situation. The letter of explanation may […]
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September 15, 2020
After you finish signing at the closing of your new house, you’re handed the keys and the house is officially yours. But there some things you should do to make […]
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Cash Out Refinance · Refinance
September 15, 2020
On the surface, applying for a cash-out refinance mortgage sounds like a no-brainer. You may be able to lower your interest rate, plus you walk away with some cash. But, […]
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September 15, 2020
The FHA streamline refinance program helps current FHA homeowners lower their interest rate and monthly payment — it’s a quick and cost-effective way to refinance with lenient documentation requirements and […]
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Mortgage Rates · News · VA Home Loans
September 15, 2020
A VA Streamline Refinance is also known as an Interest Rate Reduction Refinance Loan, or IRRRL, because it is designed to help homeowners lower their mortgage rate quickly and easily. […]
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FHA Loans · Mortgage Strategy · Refinance
September 14, 2020
Mortgage interest rates are at historic lows across all major loan types. Ellie Mae’s August 2020 Origination Report stated FHA loans are no exception — average mortgage interest rates decreased […]
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September 14, 2020
Getting a mortgage loan means you’ll likely experience every possible emotion. Unfortunately, a word commonly used to describe the home loan process is “stressful”. When buying or refinancing a home, […]
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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
