Home Buying · Mortgage Rates · Understanding Mortgages
January 24, 2020
How interest rates affect buying a home How do interest rates affect buying power when you’re searching for your next home? Will you have to settle for a less-nice house […]
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January 22, 2020
Mortgage Rates Today Mortgage applications decreased this week, though the purchase remains strong, running 8 percent higher than the same time last year, as reported by Mortgage Bankers Association. “Even […]
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Home Buying · Understanding Mortgages
January 21, 2020
Although you’re not likely to see or hear from this person during the mortgage loan process, the underwriter decides whether to approve, suspend or deny your home-buying loan. That’s where […]
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Home Buying · Understanding Mortgages
January 15, 2020
If you’re in the market for a new home but don’t have time to wade through scores of applications or shop around for the best mortgage rates and terms, a […]
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Ask Tim · Conventional Loans · FHA Loans · Private Mortgage Insurance
January 7, 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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January 2, 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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January 2, 2020
Lender after lender talks about how great VA loans are. But to be eligible for one of these VA-guaranteed loans, you still need to meet credit and income standards and […]
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Conventional Loans · Home Buying
January 1, 2020
Also known as conforming loans, conventional loans “conform” to a set of standards set by Fannie Mae and Freddie Mac. Conventional loans boast great rates, lower costs, and homebuying flexibility. So, it’s […]
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Home Buying · Understanding Mortgages
December 16, 2019
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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FHA Loans · Home Buying · USDA Home Loans · VA Home Loans
December 4, 2019
100% financing home loans are essentially no money down home loans — they’re mortgages that finance the entire purchase price and eliminate the need for a down payment. Large down […]
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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
