In this post, we’ll review the terms and eligibility requirements for the Freddie Mac cash-out refinance loan in order to help borrowers determine whether this is a good option for their individual needs.
Read More
The Freddie Mac HomePossible Mortgage combines flexible credit score requirements with an incredibly low down payment requirement of just 3%.
Read More
Fannie Mae and Freddie Mac are two names that are constantly thrown around in the world of home finance, but what are they, really?
Read More
A list of the top 5 Mortgage lenders for VA Loans in the state of Florida.
Read More
One of the best home loan options when it comes to benefits are mortgages insured by the United States Department of Veteran’s Affairs.
Read More
At home.loans, we’re all about educating home buyers and homeowners, so we rounded up the most frequently asked mortgage-related questions that people are asking, and answered them all!
Read More
Both the FHA 203(K) loan and the Fannie Mae HomeStyle Renovation loan are top contenders for being the best possible loans for getting work done on a home without having to take out a second mortgage.
Read More
Winterizing your home is an important step in protecting your investment and your financial health, and fortunately, it doesn’t have to be complicated.
Read More
House-buying budgets stretch further in some areas than others, and it’s important that you know exactly what you can afford (and what you can’t) before you get serious about making a purchase.
Read More
Mortgage fraud is a real issue, and home buyers and sellers need to be careful in their real estate dealings .
Read More
There are a number of mortgage assistance programs that people use in more urban areas, but are there mortgage programs for homeowners in rural areas as well?
Read More
The good news is that there are programs out there that can help you not just with buying a home, but with getting the down payment together too.
Read More
Instead of getting a mortgage on a single-family dwelling, a condo might be more your speed.
Read More
Here are the top things you need to know about home equity and modular or manufactured homes.
Roofs leak, pipes burst, and kitchens need to be updated regardless of your financial situation. A home equity loan might still be your best option.
Read More
Getting a mortgage on a second home requires the same level of care as getting your first mortgage, if you want to find the best deal.
Read More
It’s possible that getting a second mortgage with bad credit may be the right solution for you.
Read More
A subprime mortgage is exactly what it sounds like, a mortgage with less favorable terms than a mainstream mortgage.
Read More
Sometimes referred to as “no equity” 125% home equity loans let you borrow up to 125% of the value of your home’s equity.
Read More
You can find a home loan with a smaller down payment than 20%. In some cases, you may even be able to find mortgages with no down payment at all!
Read More
The reality is that there’s always a credit check when there’s a bank involved. But, Some banks care a whole lot less than others.
Read More
There are always going to be times in life when you could use an injection of cash. If your credit is less than perfect, that doesn’t mean you can’t get a home equity loan.
Read More
Depending on your situation, taking out a HELOC may be a better option when you have bad credit than some other loans or credit products would be.
Read More
Believe it or not, even people who have problematic credit scores can refinance a mortgage.
Read More
If you’re smart and make wise decisions, you can use a subprime loan as a springboard to a conventional loan.
Read More
It is possible to buy a home even if you’ve filed for bankruptcy. It may not always be as easy as it would have been without the bankruptcy, but you shouldn’t have to give up your dream of home ownership just because you’ve had financial issues in the past.
Read More
While you’re not likely to hear lenders use the term “subprime loan” or “subprime mortgage” these days, you can still find loans that are most definitely subprime.
Read More
If you’re considering house flipping, you probably have some experience in real estate. But that may not be enough to prepare you for the realities of house flipping.
Read More
If you’re looking to buy your first home, there are several options you can explore. You could write a huge check and buy the house outright, but if you’re like most people, you’ll probably need a mortgage. When it comes to borrowing money to buy a home, loans come in a variety of sizes and with a plethora of terms.
Read More
Buying a home is a way to put down roots in a neighborhood and start building financial stability. It provides a roof over your head (and your family’s heads) as you pay down your mortgage and build equity for the future. Unfortunately, it’s not always easy for prospective buyers to save the amount of money needed for a down payment and closing costs.
Read More
If you’re like the team here at home.loans, you don’t want to spend a boatload of hard-earned money on decorations that you’ll only use once a year.
Don’t get us wrong -- we love the holidays. And decorating for Thanksgiving, Christmas, and beyond is a great way to get the kids away from their screens, enjoy a change of pace, and even alleviate the winter blues (science has shown us that putting up holiday decorations early has incredible mood-boosting powers).
Read More
If you’ve started looking for a home, there’s a good chance that you’ve heard about the 5/1 adjustable-rate mortgage (ARM). Though adjustable-rate mortgages were once the bane of Realtors and homeowners across the country, the loans have slowly started coming back en vogue. Just because they’re becoming a bit trendier these days doesn’t mean that you should run out and get one without knowing what you’re getting into, of course.
Read More
A big home improvement project can have an equally big impact on your life and the value of your home. But there’s always the money hurdle: funding a renovation (especially a big one, like a new roof, a landscaping makeover, or a new kitchen) can feel close to impossible, especially if you’re a new homeowner.
Here are seven options you may not have considered for funding your next home improvement project, so you can get past your budgetary challenges and start getting your hands dirty.
Read More
This time of year is just right for a few great scares and, who knew, possibly buying a new home. But ‘tis the season to be scary, so allow us to show you 5 “haunted” houses currently on the market.
Buyers beware, these homes are said to still be occupied - and not by the living. If you’re interested in snagging some prime (and terrifying) real estate, this is the article for you.
Read on, if you dare…
Read More
“Average homeowner gained $16,000 in home equity in 1 year.” That’s not a clickbait headline, it’s from Housing Wire, a publication of note for the mortgage industry.
If you’ve read many of these columns, you know that I’m a veteran of the real estate crash. Or, maybe I contributed to it… it all kind of depends on your point of view, I guess. Anyway, as I read further into this article, I learned that negative equity (also known as being “underwater”) fell another 9%, leaving only 4.3% of mortgaged homes underwater nationally.
Obviously, this is incredible news for people who own houses already, not such great news for people looking to buy a house right now…
Read More
By the time this blog publishes, Hurricane Florence will have already come and gone, but for the people who were in her wake, the real struggle has only just begun. Even a Category 1 hurricane can make a huge mess, dump buckets and buckets of water on soil that’s already saturated (a huge problem for a building's foundation) and destroy the morale of an entire state.
But it’s not really the hurricane that’s the worst part of it. It’s the after days. It’s figuring out how to move forward when your life is flipped completely upside down.
Doctors get all the good stuff: highly communicable diseases, giant student loan debt, and around-the-clock work responsibilities. In seriousness, doctors are heroes -- and mortgage lenders have caught on that student loan debt can be incredibly crippling to doctors when it comes to obtaining a home loan.
Read More
We all like to talk about how terrifying that a rise in interest rates can be for a potential borrower, but there’s something a lot more horrifying that we don’t usually talk about: mortgage paperwork. Yeah, I said it. All those piles of pulp, some in multiples, can really add up. That’s why when the idea of e-mortgages was first floated, Realtors, mortgage pros and closers were so very excited.
Read More
Getting your first (or even your second or third) mortgage can be really stressful and confusing. There’s a lot of technical information to absorb in a very small window of time and sometimes that means you’ll miss some of the details. Most of the time, your banker will be happy to fill in the blanks for you, but what do you do if you have a lender who doesn’t have your best interest in mind?
Read More