Jumbo Loan Limit : How High Can You Go?
If you’re in the market for an expensive, luxury home, one of your main borrowing options will be jumbo loans. Because the economy has been making gradual improvements, jumbo loan borrowers are seeing...
View Article5 Things to Consider Before Your Cash-out Refinance Application
On the surface, applying for a cash-out refinance mortgage sounds like a no-brainer. You may be able to lower your interest rate, plus you walk away with some cash. But, there are some things you...
View ArticleCo-Owning a House with Friends, Relatives and Others: Facts You Absolutely...
When you think of more than one name on a mortgage application, you probably assume it’s a married couple. However, there are lots of other people who enter into buying a home together – siblings,...
View ArticleLoosening Rules, Low Jumbo Mortgage Rates Fuel Hot Housing Segment
It’s official: When it comes to jumbo loans, credit availability is loosening up. According to the July Mortgage Credit Availability Index (MCAI), there was an increase of 0.5 percent from June to...
View Article7 Tips to Speed Up Your Loan Closing
The good news is the housing market is doing well, resulting in more home purchases and home loan applications. However, with more activity comes more delays. Mortgage software company Ellie Mae...
View Article3 Reasons It’s a Great Time to Cancel FHA Mortgage Insurance
Paying that mortgage bill each month can be painful, especially when you look at its breakdown and see that a portion of your payment is going toward mortgage insurance. For FHA borrowers who make less...
View ArticleVA Home Loans: Fewer Roadblocks for First-time Home Buyers
If you’ve served or are currently serving the country as a member of the military, one well-deserved benefit is being eligible for the VA home Loan. This program is designed to simplify the process for...
View ArticleAdvantages of the USDA Home Loan Program
If you’re in the market for buying a home, you’ve probably been researching your loan options. While there is a lot of information available for conventional loans, as well as specialized programs like...
View Article4 Things To Know When Getting Gift Money for a Down Payment
When purchasing your first home, a substantial down payment could put you on track to a great mortgage program, give you more equity in your home, and ultimately result in lower monthly payments....
View ArticleBuyers Needing USDA Home Loans Get a Do-Over
Homebuyers in suburban areas who would have missed their shot at a zero-down home loan will get a do-over. USDA home loan eligibility map changes will not take effect in 2014 like most experts thought....
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