How are residential and commercial mortgage loans different? Recent changes in the mortgage industry have altered how many lenders classify themselves, and the loans they are eager to make. Many individuals can be confused by this and miss out on great financing possibilities. In the past many borrowers, including experienced real…
There are many loan options for military families when it comes to buying a house. VA Home Loans have made homeownership an affordable opportunity for active duty military members. However, many people question whether or not they should buy a house given their unique circumstances. Let’s analyze whether or not active…
Separating from the military is a monumental time for any veteran. They’ve spent the past several years or decades of their life making great sacrifices and putting their desires and dreams behind the needs of their country. Some veterans leave the military through retirement after many years of service, some leave…
What no and low down payment home loan options are available for first time home buyers today? With house prices and mortgage interest rates so low, and the world bullish on US home value growth it is an incredibly appealing time for first time home buyers to get on the property…
Is a fixed rate or ARM mortgage the best choice for you? Both fixed rate mortgages and adjustable rate mortgages (ARMs) have been popular with home buyers and for refinance loans. Both can have their pros and cons. So which is the right type of mortgage for you? The Luxury of…
VA loans have become increasingly popular since the economic recession of 2008. Historically low rates coupled with no down payment make VA loans attainable and desirable to many veterans. Getting a VA loan is not a possibility for everyone and it does have unique guidelines. Here are 5 things you need…
An FHA loan is a mortgage loan that is guaranteed by the Federal Housing Authority, a government agency in the US Department of Housing and Urban Development. The FHA insures the loans to reduce the amount of risk private lenders assume in issuing the loans. The goal of the Federal Housing…
Owning a home is a quintessential part of the American Dream. The VA Home Loan program makes it possible for military families to realize that dream. Military families move frequently so purchasing a home can make them feel more secure and grounded in one area. However, because they move so much…
Adjustable rate mortgages have remained one of the most attractive alternative options available those buying a home. So how do they work? What are their real pros and cons, and are one of these purchase mortgage loans for you? Adjustable rate mortgages (ARMs) are often advertised with lower interest rates than…
Although your dependents may not be listed as borrowers on your loan application, they still have an impact on your loan approval. The Department of Veterans Affairs has unique approval guidelines regarding the dependents of borrowers on a VA loan. Here are 5 ways that Dependents Affect Your VA Loan: Daycare…
