Important Changes in FHA MIP Calculations
Thursday, 25 April 2013
FHA loans have grown substantially over the past decade, primarily because of the benefits that these loans offer to families with low to modest budgets. The perks to choosing an FHA loan, one that is backed by the Federal Housing Administration, are plentiful and include lower down payments, more forgiveness toward poor credit and the
- Published in Advice, Checking rates, home loan, home loan, home mortgage, Home Ownership, Home Prices, Housing, Lender, loan, Mortgage, mortgage, mortgage calculator, mortgage insurance, mortgage payment, refinance
Fixed Rate and Adjustable Rate Mortgages: What You Should Know
Monday, 02 April 2012
There are a variety of mortgage loans that are available to homeowners who want to purchase a home. It’s important to be aware of the various loan options so that you can make the best decision based on your long term goals and the monthly payment you can afford. Here are the top five mortgages
- Published in Advice, home loan, home mortgage, mortgage, mortgage calculator, mortgage payment, Tips
What Is a Jumbo Mortgage?
Friday, 23 December 2011
Many people have heard the phrase “jumbo mortgage” and most likely know that it refers to a really large loan. But did you know that some houses in your neighborhood may require a jumbo mortgage and do you know what the loan limits currently are? So how exactly do lenders define what qualifies as a
- Published in home loan, home loan, home mortgage, Lender, loan, Mortgage, mortgage, mortgage payment
Tips for getting the mortgage loan you want
Friday, 18 November 2011
A mortgage loan is probably the largest loan you will ever take on, and certainly the most complex. Getting a loan these days is not easy, but with a bit of planning and preparation, you stand a better chance of getting the loan you want. Our tips for getting the mortgage you want: Before you
- Published in loan, Mortgage, mortgage, mortgage calculator, mortgage insurance, mortgage payment
Can a Parent Co-Sign on a Mortgage?
Tuesday, 08 November 2011
This is a very common question, especially with first time home buyers. A parent may wish to cosign on a mortgage loan if he or she wishes to provide help to their child to qualify to purchase a home. Many adult children may not have good credit or adequate experience with credit to obtain a
Rules of thumb about when to refinance
Friday, 07 October 2011
Deciding when is the best time to pull the trigger on a home loan refinance, as a rule of thumb, is not always clear. Refinancing seems like a new opportunity to get a better interest rate or perhaps even to take funds out of equity to use for your own benefit. The problem is, though,
- Published in home loan, Mortgage, mortgage, refinance, Refinancing