Mortgage Rates
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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Understanding Mortgages
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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FHA Loans · Refinance
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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Cash Out Refinance · News
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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Understanding Mortgages
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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Credit · FHA Loans
May 25, 2022
Low credit score borrowers may be eligible for FHA loans, thanks to a new 2017 FHA policy update. Since 2017, lenders have loosened credit score requirements and lower-credit score applicants […]
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Home Buying · News · Understanding Mortgages
May 2, 2022
“Affordable Loan Solution” Program Offers 3% Down Loan A new loan program requires just 3 percent down and no mortgage insurance. The “Affordable Loan Solution” mortgage is a new conventional […]
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FHA Loans · Mortgage Strategy · Refinance
May 2, 2022
Mortgage interest rates are at historic lows across all major loan types. Ellie Mae’s March 2021 Origination Report showed that FHA loans are no exception — average mortgage interest rates […]
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