Tim Lucas (NMLS #118763 ) is editor of MyMortgageInsider.com. He has appeared on Time.com, Realtor.com, Scotsman Guide, and more. Connect with Tim on Twitter.
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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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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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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FHA Loans · Home Buying · USDA Home Loans · VA Home Loans
June 15, 2022
100% financing home loans for new and repeat home buyers 100% financing home loans are mortgages that finance the entire purchase price of a home, eliminating the need for a […]
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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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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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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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Home Buying · Investment Properties
May 2, 2022
Ever wondered if you can buy a home and get someone else to pay your mortgage? You could do just that with the right property, the right mortgage, and the […]
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