Tim Lucas

FHA Mortgage Insurance Refund Guidelines [Chart]

October 17, 2019

When you get an FHA loan, you pay a mortgage insurance premium at the time of closing. This initial premium is the called the upfront mortgage insurance premium (also known […]

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Mortgage Rates

Current Mortgage Interest Rates

October 17, 2019

Mortgage Rates Today Lower mortgage rates are causing a significant housing inventory shortage as reported by CNBC. The supply of homes priced below $200K is down 10% when compared to […]

Understanding Mortgages

5 Appraisal Problems That Can Affect Your Mortgage Approval

October 11, 2019

A home appraisal is an estimate to determine the market value of a home. In addition to purchase loans, appraisals are also ordered when refinancing a loan or when attempting […]

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Home Buying · VA Home Loans

VA Loan Requirements: Buy a House with Zero Down in 2019

October 2, 2019

In 2018, the VA guaranteed 610,512 home loans. In 2019, it celebrated its 24-millionth borrower. It’s easy to see why these mortgages are so popular. Not only are they available […]

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FHA Loans · Mortgage Strategy · Refinance

FHA Streamline Refinance: Negotiate Zero Out-of-Pocket Closing Costs

August 7, 2019

Mortgage interest rates are at historic lows across all major loan types. Ellie Mae’s June Origination Report stated FHA loans are no exception — average mortgage interest rates decreased to […]

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FHA Loans · Home Buying · USDA Home Loans · VA Home Loans

100% Financing Home Loans for 2019

June 4, 2019

100% financing home loans are essentially no money down home loans — they’re mortgages that finance the entire purchase price and eliminate the need for a down payment. Large down […]

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Credit · FHA Loans

Low Credit Score Home Buyers Could Qualify with this FHA Policy

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 […]

Understanding Mortgages

Mortgage Dictionary

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

Buy a House in 2019 with a Conventional Loan

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 […]

FHA Loans · Refinance

Access Your Home Equity with an FHA Cash-Out Refinance

March 5, 2019

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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FHA Mortgage Insurance Refund Guidelines [Chart]

Current Mortgage Interest Rates

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5 Appraisal Problems That Can Affect Your Mortgage Approval

VA Loan Requirements: Buy a House with Zero Down in 2019

FHA Streamline Refinance: Negotiate Zero Out-of-Pocket Closing Costs

100% Financing Home Loans for 2019

Low Credit Score Home Buyers Could Qualify with this FHA Policy

Mortgage Dictionary

Buy a House in 2019 with a Conventional Loan

Access Your Home Equity with an FHA Cash-Out Refinance

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