Common Mortgage Questions—Information You Need to Know For first-time home buyers, the process of getting a mortgage can seem intimidating. There are a lot of factors that come into play when getting a loan for a home—and if you haven’t done it all before, it can potentially be overwhelming. That is why it is so helpful to do your research before you begin applying for a mortgage. Reading articles like this one, articles that answer many frequently asked mortgage questions, is an essential first step in learning what you can expect from the process. Not that long ago, I wrote
Finding the best FHA lenders to suit your needs is a critical step towards home ownership. There are 5 things to look for when shopping for an FHA lender.
Consequences of Lying on a Mortgage Application are significant while rarely enforced on the judicial level. Still, the blowback can make for a grim future.
Understanding Why Mortgages Change Hands Are you one of the many homeowners who has opened up a letter from your mortgage provider and read that your mortgage loan has been transferred? Did it prompt an increase in your heart rate and cause you to worry what this means for you and your mortgage? First of all, try not to become too concerned. What many of us do not realize is that a mortgage can be transferred not just once but multiple times over the term of a loan. The majority of borrowers never even know it has happened. In fact,
Should Your Veteran Home Buyer Should Get A VA mortgage
The VA mortgage has several advantages that are not available to other types of loans. These advantages can help the home buyer save money in multiple ways and get approved with ease.
If you are looking at a home that is outside of a major city, or a place in the country, a USDA Rural Development Loan in Wisconsin can be a great option.
The FHA 203k loan is used to buy an existing property and also make repairs, improvements or remodeling to the home. Learn more about the FHA Loan Requirements.
The FHA 203k is a good way to buy a home and also get the extra money that can be used for renovations, repairs or both. Learn the pros and cons of FHA 203k loan
Subprime mortgages are available again in 2019. Enclosed is a list of the top subprime mortgage lenders where you can find a niche program to suit your needs.
The Federal Housing Authority (FHA) does more than offer ways for people to buy a home. They have another program designed to allow homeowners to get a lower interest rate, and hopefully a lower payment, without going through all the normal work associated with a refinance. The program is called the FHA Streamline Refinance.
What Exactly Is Mortgage Insurance And How Does It Help Borrowers?
Understanding how private mortgage insurance works and how it impacts the monthly payment can help you make a more informed choice when you are ready to purchase a home.
Myths About Mortgages When Buying a Home If you are like most buyers, you are going to need a mortgage to buy a home. Unfortunately, there is a lot of misinformation out there about mortgages. These mortgage myths can make the challenge of purchasing a home even more intimidating, so it is worthwhile to learn what is true and what is not. Check out the following mortgage myths to ensure you do not fall for any of them as you move forward with buying your home. Many of these mortgage falsehoods can be avoided by finding an exceptional lender or
No Down Payment Mortgage Mistakes That Should Be Avoided
Read detailed information on how to avoid no down payment mortgage mistakes on our blog https://www.madisonmortgageguys.com/no-down-payment-mistakes/ In this...
Understanding the FHA loan requirements well before you begin shopping for a home will help make the whole process much easier. We outlined the key requirements and guidelines that you need to know
Rather than provide their kids or grandkids with a check as a down payment on a home, some people choose to offer a gift of equity on an existing home.