Best Mortgage Articles

FHA closing costs average anywhere from 2% to 4% of the loan amount. Your actual costs will be tied to various factors such as your loan amount, credit score, and lender fees.

What Do I Need to Get Pre-Approved For a Mortgage? Do you know the documents needed to get approved for a mortgage? Getting preapproved for a mortgage is a significant step in the home buying process. While pre-qualifying can seem appealing because it requires so much less work, pre-approval is way more likely to help you make a successful offer on a home. In other words, there is a difference between pre-qualification and pre-approval. Pre-approval shows that you are likely to get a mortgage—while pre-qualification only indicates that there is a possibility that you could get a mortgage. E...

The most important FHA underwriting guidelines home buyers should be aware of when considering their mortgage options.

FHA guidelines prospective buyers need to keep in mind when shopping for their home in Wisconsin, Illinois, Minnesota and Florida!

What to Ask When Getting a Loan Before you start looking at homes, it's wise to get your selection of a lender squared away first. Part of being prepared to get a loan is asking your mortgage company the right questions. When you first start looking for a lender to help you buy a home, it is normal to feel like it’s a one-way street—you need the money, so anyone who will offer it to you seems like a someone you should do your best to listen to. But in reality, you are an essential customer for your lender. Your

Refinancing your home can save you a lot of money. The process is not as easy as the commercials and ads make it seem, a little perperation goes a long way

Comparing an FHA loan vs Conventional mortgage, not to show that one is better than the other, but to highlight their strengths.

The short answer is 3.5% down could make you a homeowner with an FHA loan on a 30-year fixed rate mortgage. The downpayment is determined on the home price and

An Illinois VA loan is a great way for IL home buyers to buy a home with no money down. View VA mortgage requirements and guidelines inside!

FHA loan limits effective January 1, 2020 to December 31, 2019. Includes FHA 203k loan limits. Serving Wisconsin, Illinois, Minnesota and Florida.

The VA minimum property requirements are guidelines for the condition of the property such as adequate heat, a dependable roof, along with other things.

What is a VA No No mortgage, how do I qualify, and what are the advantages/disadvantages? 5 ways to get VA closing costs paid for when buying in California.

Most consider this to be one the biggest financial hurdles to owning your own home. Here's everything you need to know about all the factors affecting your down payment.

See eleven mortgage programs for first time home buyers. Understand your financing options whether you are buying for the first time or not.

Can A Parent Gift Me Money For A Down Payment On A House? You want to buy a house, but you might not have quite enough money saved for a down payment and closing costs. There are alternative sources to down payment money to buy a house. One of which is using gift funds. Gift funds can be used for a down payment and/or closing costs.

Whether you are buying a home or wanting to refinance your existing mortgage be on the lookout for some of these ways some may try and cheat you.

Proven tips for increasing your credit score! The tips are listed based on their importance and their overall impact on any person’s credit rating.

Learn how to buy a fixer-upper and totally remodel it! With a little insight and some negotiation skills, it is possible to find that diamond in the rough. Mortgage options for 1-4 unit owner occupied, 2nd home, vacation home and 1-4 unit investment properties.

What is a mortgage pre-approval vs pre-qualification? There are many reasons to know the difference between being pre-approved and pre-qualified!

Learn how mortgage rates affect buying a home, if waiting really impacts what you pay overall, and the one thing that could change everything!

A comprehensive guide that explains how to get a mortgage from start to finish. This detailed examination will provide the basics of getting a pre-approval from a local lender, looking for a property, completing the mortgage application and then the closing.

FHA Mortgage quirks all buyers need to be aware. When in doubt, a loan officer can assist with your application. FHA tips via Anita Clark.

The local real estate marketplace. Search tons of for-sale listings, local real estate tips, and more!

When buying a home, what is the difference between a mortgage broker and a bank, plus what are the pros and cons of each one?

What to Know About Buying Your First Home While interest rates are still at historically great levels, lots of first time home buyers are jumping to get a mortgage and into the market and buying a home. The rates are so reasonable that many people are discovering their new home payment is a bit lower than their previous rent payment. As a service to home buyers, I have laid out this detailed plan that teaches you how to become a homeowner. Use the guidance to make smart decisions when buying your first home. These first time home buyer tips will

For those dear men and women that choose to serve the USA through military service, our country owes a great bit of gratitude. One of the ways we show that gratitude is through the VA loan. Since 1944, qualifying veterans have used the benefit offered through the federal government to purchase a home and carve out their little spot in the world. VA loans are not for everyone. Even those who have served could have better financing alternatives. The following information is intended as a guide to help you understand who is eligible for a VA loan and how these

Buying a home involves a lot of lingoes that the average consumer may not either be aware of or understand. Considering that most people will finance the purchase of a home for a rather significant amount, it makes sense to get familiar with the real estate terminology that will likely be used not only by the real estate agent but also by the mortgage lender. Much of what first time home buyers need to know about the process centers around getting a mortgage. Listed below are the top mortgage tips for first time home buyers. Tips For First Time Home

A Florida VA loan is a great way for FL home buyers to purchase a home with no money down. View VA mortgage requirements and guidelines inside!

Minnesota VA loans are a great way for MN home buyers to buy a home with no money down. View VA mortgage requirements and guidelines inside!

An Illinois FHA loan is a great way for IL home buyers to buy a home with a small down payment. View FHA mortgage requirements and guidelines inside!