Mortgage Loan Options
There are several different loan options available. Here is a brief scenario of each option. 30 YEAR FIXED RATE MORTGAGE The 30 year fixed rate mortgage is one of the …
VA Financing
VA loans allow us to take care of our own. Is your credit not so great? No problem! VA makes it possible for a borrower with a 560 credit score …
Conventional – Home Ready Loans
With HomeReady, creditworthy low to moderate-income borrowers can now get the financing they need to purchase their home. Home Ready loans typically offer the benefits of lower interest rates and …
FHA Loans – Affordable Mortgages
FHA mortgages are government-assisted alternatives to conventional financing and are great options for those who want to put less money down or who have lower credit scores. While these mortgages …
Information Regarding an 80/10/10 and when to use it
Several of my clients are buying new construction homes. This sometimes put them in a unique situation because typically the builder wants to see a mortgage approval prior to starting …
Financing options for obtaining a Second Home
Have you always dreamed of owning a vacation home? It’s not a decision to be taken lightly, but if it is something you’ve always wanted, the means for making that …
How an Adjustable Rate Mortgage (ARM) works
Adjustable rate mortgages (ARM) can be intimidating for a borrower to think about when they are going through the mortgage process. An ARM has its benefits and risks. I always …
USDA Summary: Rural Housing Guaranteed Loan
The Guaranteed Rural Housing Loan Program is offered through the Rural Housing Service (RHS), an agency of the USDA. The program is designed to help low-to-moderate income families achieve homeownership in …
Conventional Loans and unreimbursed employee business expenses
There has been some changes on unreimbursed employee business expenses! The following changes and clarifications have been made on Conventional Loan related to unreimbursed employee business expenses. For a borrower …