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.
Home Buying · Investment Properties
January 15, 2021
Should you rent out your current home to buy again? Figure out the tax implications, whether you qualify, and even the emotional attachment to your home. “Becoming a landlord can be […]
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Conventional Loans · Home Buying · News
January 15, 2021
What is a Conventional 97 Loan Program? The 97% loan-to-value (LTV) purchase program allows homebuyers to purchase a single-family home, condo, co-op, or PUD with just a 3% down payment. […]
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Conventional Loans · Home Buying
January 14, 2021
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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January 14, 2021
Mortgage Rates Today Mortgage applications increased last week, as reported by Mortgage Bankers Association. “Despite the ongoing economic impact of the pandemic, households seeking more space, assisted by low mortgage […]
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January 12, 2021
Have you found a home that you love, but it’s in bad shape? The 203k loan may be a perfect way to purchase a home that is a little rough […]
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January 6, 2021
Editor’s note: The USDA streamline refinance pilot program has been rolled out nationwide. It is now available in all 50 states and is called the USDA streamlined-assist refinance. The USDA […]
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January 5, 2021
Editor’s note: Starting September 1, 2019, HUD, the administrator of FHA loans, reduced the maximum FHA cash-out refinance loan-to-value to 80%, down from 85%. What is an FHA cash-out refinance? […]
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January 1, 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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January 1, 2021
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 […]
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Home Buying · News · Understanding Mortgages
January 1, 2021
“Affordable Loan Solution” 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 loan program […]
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