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Tag Archives: Home Loan

Who Is Nehemiah and Why Is He Giving Out Money?

FHA loan down payment assistance programs make buying a home more affordable for some home buyers. Imagine having a 10% down payment – just because you asked for it!

Mortgage Applications Decline in Latest Study

Mortgage applications for buying a home dipped 5.4% from last week; refinance mortgage applications dipped 25.7%, says the Mortgage Bankers Association. FHA loans are still a bright light in uncertain times.

Mortgage Rates – 4 Ways Your Finances Affect the Rate You Get

Mortgage rates are initially set by lenders at a starting point. The interest rate you get may not be the same. Find out what factors go into figuring out which mortgage rate lenders offer you.

Declining Market Rule Confusing to Many

Fannie Mae announced it’s ending a policy that requires more down payment, or a higher loan-to-value ratio (LTV) for home loans made in declining housing markets. But, this could mean more confusion when talking about PMI. Quicken Loans offers its analysis.

What Kind of Loan Should a First-Time Home Buyer Get?

Buying a home for the first time can be an overwhelming experience. It can be even more difficult if you have less-than-perfect credit. So what kind of mortgage should you get if you're a first-time home buyer with bruised credit?

Choosing the Right Option ARM

There are literally hundreds of mortgage loan “products” in the market these days, many of which are structured to provide homeowners flexibility. Option ARMs are made specifically to offer flexibility. But everyone is different and has different needs, so there isn't a one-size-fits-all. How do you choose the right Option ARM?

Three Ways to Build Equity

Do you think that paying principal on your mortgage is the only way to build equity? Do you think that if you have an interest-only loan, you're not building equity? Think again. There are other ways to do this.

Mortgage Basics for the First-Time Home Buyer

For many first-time home buyers, the word “mortgage” causes nervousness and anxiety, but home financing doesn't have to be difficult. With a little preparation and a basic understanding of how the mortgage process works, applying for a mortgage and closing your loan will be easy and stress-free.