30-year Mortgages vs. 15-Year Mortgages
The majority of American home buyers sign up for 30-year fixed-rate mortgages (FRMs) – the staples of mortgage lending. And yet there is another option that may serve…
Choosing a mortgage program
Compare loan structures, repayment terms, and the eligibility questions that separate one mortgage program from another.
Start with your question
- FHA or conventional?What is the Difference Between FHA loans and Conventional Mortgages?
- Shorter term or lower payment?30-year Mortgages vs. 15-Year Mortgages
- Fixed or adjustable rate?Are Fixed Rate Mortgages or Adjustable Rate Mortgages better for me?
4 Paths to a Low or No Out-of-Pocket Down Payment
A low or no out-of-pocket down payment can involve two different arrangements: a loan that permits no down payment for eligible buyers, or a required down payment…
4 Things to Know Before Getting a Reverse Mortgage
Many Americans bank on being able to sell their homes in retirement to help pay for their living expenses. However, many seniors get to that stage and realize they do…
Are Fixed Rate Mortgages or Adjustable Rate Mortgages better for me?
When you are in the market for a mortgage, one of the many decisions you’ll have to make is whether to apply for a fixed-rate loan or an adjustable rate mortgage…
Can I Qualify for an FHA Loan?
FHA loans (those sponsored by the Federal Housing Administration) are mortgages that allow low down payments and have relaxed credit score requirements, making them…
Energy Efficient Mortgage Program
The federal government has aimed to help increase homeownership for decades. One of the Federal Housing Administration’s many programs to help Americans in their…
Fannie, Freddie, and Ginnie and What Do They Have to Do With My Mortgage?
If you are ready to buy a home, you may have heard your lender throwing around names like Fannie Mae, Freddie Mac, and Ginnie Mae. Who are these people and what do…
How to Get a Small Dollar Mortgage Loan
Buying a house is a straightforward process, right? You line up a lender, you find the right house and you get a mortgage to buy it. While this is the case in much of…
Is Now a Good Time for a Reverse Mortgage?
As the COVID-19 pandemic has roiled stock markets over the past few months, many Americans in or nearing retirement may be worried about their investment portfolios.…
Jumbo Loan Basics
The majority of homes around the country are purchased with the aid of traditional, conforming mortgage loans. Yet when home prices rise quickly, many markets have…
Jumbo Loans for Veterans
If you are a veteran or a servicemember, you are probably well aware of VA mortgage loans. These loans offer excellent benefits, including no down payment or credit…
Should I Get a Conventional or FHA Loan?
Work through FHA and conventional loan questions about down payment, credit, mortgage insurance, and the costs in comparable written offers.
The Best Home Loans for Buying a Fixer-Upper
You’ve found the perfect property – or at least what could be the perfect property after a few improvements. Upfront repairs and renovations can take a toll on your…
The Little-known Mortgage That Doesn’t Require a Down Payment
A conventional mortgage loan requires a 20% down payment. If you are a first-time homebuyer however, saving up tens of thousands of dollars can seem like an…
The Top 4 Reasons You Should Get a VA Loan
If you are a military veteran or are currently serving active-duty, there is an incredible mortgage loan available to you through the Department of Veterans Affairs –…
What an 18% Jump in 2022 Conforming Loan Limits Means for Me
Recently, the Federal Housing Finance Agency announced changes to the conforming loan limits for 2022. And they are increasing 18% from 2021, the largest yearly…
What is a 5/5 ARM?
If you are familiar with adjustable-rate mortgages (ARMs), you have probably heard of the 5/1 ARM or even the 10/1 or 1/1 ARM. There is a newer ARM loan available…
What is a Physician Loan?
Medical professionals often earn salaries far above the average American salary, and yet most come out of school with hefty student loans to repay. Such high debt…
What is a Piggyback Mortgage?
In order to achieve the dream of homeownership, many buyers look for creative financing to aid them in their quest. One such option is a piggyback mortgage, which…
What is a Reverse Mortgage?
In the past decade, reverse mortgages have gained a lot of traction as a retirement tool. And yet, many people still do not understand reverse mortgages or their…
What is an ARM loan?
While fixed-rate loans are one of the most popular choices for mortgage loans, there is another choice: the adjustable-rate mortgage or ARM loan. If you’ve ever…
What is the CHOICERenovation Mortgage?
Freddie Mac has announced the creation of a new home renovation loan program called the CHOICERenovation Mortgage. This product is replacing Freddie Mac’s previous…
What is the Difference Between FHA loans and Conventional Mortgages?
Compare FHA and conventional offers by insurance, cash needed, payment, and program fit. Review written loan costs rather than choosing by rate alone.
What Loan Options are Available for Rental Properties?
Just like with a first mortgage, lenders will run a credit check as well as require income, assets, and debt documentation. Because this purchase will be placing an…
What You Need to Know About FHA Loans in 2022
It’s a new year and a new chance for many people to become homeowners. There are several mortgage products that are designed for first-time buyers; the FHA loan is…
What’s the Difference Between a Jumbo and a Super Conforming Loan?
If you are hoping to buy a home in one of the country’s pricier markets, you may need a special type of mortgage. The main two are jumbo loans and super conforming…
Why ARM Loans Don’t Make Much Sense Right Now
If you are looking to buy a home soon or to refinance your current mortgage, you know that interest rates are very low. In recent weeks, the average rate on a…