February 18, 2021
Mortgage Rates Today Mortgage applications decreased last week, largely because of last week’s uptick in interest rates, as reported by Mortgage Bankers Association. “Expectations of faster economic growth and inflation […]
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February 12, 2021
You may be surprised by the speed with which you can refinance a mortgage after you bought your home or did your last home refinance. It can be a matter […]
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February 12, 2021
Most couples used to get married before making any major financial decisions together. But today, one in four unmarried couples between 18 and 34 buy a house together, according to […]
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Ask Tim · FHA Loans · News · Refinance
February 12, 2021
The FHA streamline refinance allows borrowers to reduce their rate with no pay stubs, no W2s, and no appraisal. But is an FHA streamline possible while simultaneously removing a borrower […]
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February 11, 2021
When you get an FHA loan, the home buyer pays a mortgage insurance premium at the time of closing. This initial premium is the called the upfront mortgage insurance premium […]
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February 11, 2021
Editor’s note: FHA loan changes which were rolled out in 2017 are in effect in . According to Ellie Mae, more lower-credit FHA applicants are being approved. In July 2016, […]
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News · Understanding Mortgages
February 11, 2021
Stated income loans are making a comeback — sort of. Extremely popular in the early 2000s, stated income loans were one of the factors of the housing market collapse. Why? […]
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February 10, 2021
What happens when a property is being sold as-is and the seller will not do repairs but the home doesn’t meet FHA minimum property standards (MPS)? How does the buyer […]
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Conventional Loans · News · Refinance
February 10, 2021
A conventional refinance is the loan of choice for many homeowners in today’s market. While HARP and FHA have dominated the refinance market in years past, the standard conventional refinance is becoming […]
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February 10, 2021
What the minimum down payment requirement for a conventional loan? Although most people assume they need a 20% down payment to buy a home, there are low down payment conventional […]
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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
