The FHA down payment assistance program is intended for first time home buyers, who make enough income to qualify for a home loan but for some reason or another just don’t have the down payment needed to buy it.
Understanding how banks structure loan scenarios, can help you as the borrower better understand the interest rate that is being quoted to you by a mortgage lending bank.
An adjustable rate mortgage is simply a mortgage in which the interest rate can move up or down depending on the interest rate index that it is tied to.
In this post, we’re going to go over go over the difference between a home loan modification and a home loan refinance.
Utilizing interest only loans can be quite valuable for borrowers who plan on refinancing or selling their properties several years in the future.
A HELOC stands for Home Equity Line of Credit and this is essentially a type of mortgage that acts as a credit line against the equity that you have in your property.
In this post, we’re going to review the three different categories that loan sizes are typically divided up into by mortgage lending banks.
Reverse Mortgages allow homeowner’s to gain access to increased cash flow, by utilizing the equity that they’ve built up in their property.