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posted on 10/12/2017
On July 29th, 2017, Fannie Mae, the largest source of mortgage money in the nation, changed its debt-to-income ratio policy from 45% to 50%. Here's what that means, and how it can help you get a mortgage.
posted on 10/2/2017
If you're thinking about getting a home loan, it is important to be educated about your options. You may be eligible to receive a VA, FHA or USDA home loan.
posted by Nick Campos on 8/7/2017
Experts across the board are predicting 2017, which has already started off above four percent, will continue to rise, but slowly.
posted by Nick Campos on 7/20/2017
Due to limited housing inventories, buyers and sellers are adjusting their market strategies to ensure the best outcome, which is causing the housing market to really heat up!
posted on 5/9/2016
If you've never worked in the mortgage industry, the word escrow probably doesn't mean anything to you. But if you are looking to buy your first home, it is a word you should probably know.
posted on 4/11/2016
The path to buying a home can be a confusing time. Here are some key terms that will hopefully help you get a grasp on the alphabet soup that is home buying. And more importantly, help you feel empowered when buying your first home!
posted on 4/4/2016
We've all been judged by numbers before; your age, your grades in school, even your zip code. It should come as no surprise then that you can be summed up to a single number when determining if you can buy a home. Enter, the credit score.
posted on 12/10/2015
If you are wondering if you can afford to buy a home this year, one option you may want to consider is a loan insured by the Federal Housing Administration (FHA). FHA loans allow borrowers to obtain a mortgage without a big down payment and other costs.
posted on 11/12/2015
With all of life's unexpected expenses and an unpredictable economy, we all look to limit the amount of money we spend, especially on those expenses that are within our control. You may be surprised to learn that your mortgage payment can be one of them!
posted on 10/20/2015
Going to open houses can be the much more glamorous aspect of buying a house, but knowing some financing basics will help make the actual process of purchasing your first home seamless!
posted on 9/29/2015
There was no change made in the federal funds rate by the Fed. There were cited concerns that weaker global economic growth around the world could exert downward pressure on U.S. inflation rates, which already are well below the Fed's target level. This led to Fed officials lowering forecasts for inflation for the next several years.
posted on 9/16/2015
How do I get a home loan to buy my first house? Learn why saving is so important to getting a mortgage for your first home.
posted on 9/10/2015
If you've ever been in the military, you know that there are rules and a process for everything. So, it's not surprising that getting a VA home loan, even for veterans, involves some rules and process beyond what a traditional home loan involves.
posted on 8/28/2015
Understanding the acronyms for any loan can be confusing. It is especially confusing when you add in a government program. Learn the FHA and VA Loan terms from A to Z here!
posted on 8/19/2015
Buying your first home can be a very rewarding experience, but it can also be very intimidating. So before you jump into the home buying process, it may help you to know some basics. Here are the first five steps you should take!
posted on 6/24/2015
Many assume that an FHA loan is only for people with less than perfect credit or low income, but the fact is anyone can apply for an FHA insured loan. Get all of true FHA loan requirements here!
posted on 6/17/2015
Uncover the truth as we bust five myths about the VA and FHA loan programs and see if they are right for you!
posted on 6/10/2015
Few loans are as powerful and versatile for veterans and their families as a military VA loan. Active military personnel, reservists and military veterans should not overlook taking advantage of this hard- earned benefit if they are considering a home purchase, refinancing a current VA loan or making certain kinds of home improvements.
One government program that has long helped low and middle-income borrowers purchase homes is the Federal Housing Administration (FHA). Congress created this agency at the height of the Great Depression, and it officially became an agency under the US Department of Housing and Urban Development's (HUD) in 1965. Since 1934, the FHA has insured over 34 million home loans and the program continues strong today.
posted on 6/1/2015
One of the most powerful benefits our active duty military and veterans earn is a VA home loan. These loans can be used to finance the purchase of a home or other home improvement projects like energy efficient appliances or updates.
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