May 16, 2019
Mortgage Rates Today “Purchase applications declined slightly last week, but still remained almost 7 percent higher than a year ago,” said Joel Kan, MBA’s Associate Vice President of Economic and […]
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May 15, 2019
Editor’s note: The 2017 changes are still in effect in 2019. According to Ellie Mae, more lower-credit FHA applicants are being approved. In July 2016, only 19% of closed FHA loans […]
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Home Buying · Investment Properties
May 9, 2019
It’s no surprise that many property owners are considering the possibility of generating income by renting out their first home. A slowdown in home prices and sales makes selling less […]
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April 19, 2019
If you’ve never heard of a Freddie Mac Enhanced Relief Refinance — a “FMERR” loan — you’re not alone. Available to homeowners since the beginning of the year, it’s a […]
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April 16, 2019
If you struggle with student loan debt, you’re not alone. The average student loan borrower has $37,172 in student loans when they graduate, an increase of $20,000 from only 13 […]
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April 4, 2019
It’s exciting to finally have no more mortgage payments. But now that you have all that equity in your home, is it possible to get another mortgage to use for […]
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March 27, 2019
Mortgage terminology can be confusing whether you’re a first-time homebuyer or looking to refinance your current loan. From mortgage terms like amortization to PITI, chances are you’ll come across a […]
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Conventional Loans · Home Buying
March 14, 2019
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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March 5, 2019
What is an FHA cash-out refinance? There are two primary FHA refinance loan programs: the FHA cash-out refinance and the streamline refinance. The FHA cash-out loan provides cash-in-hand for the […]
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February 28, 2019
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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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
