Mortgages Explained

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High credit borrowers and FHA loans

High Credit Borrowers Save Money with Conventional Loans over FHA
November 8, 2013

Historically, when borrowers wanted to buy and finance a home with as little of a down payment as possible typically gravitated toward FHA home loans. This loan program is a popular choice among first time homebuyers primarily due to the feature of little down and relaxed underwriting guidelines when compared to conventional mortgage loans approved […]

Mortgage Rate Shopping

Mortgage Rate Shopping for Today’s Savvy Consumer
November 6, 2013

Before you get serious about buying a home or refinancing a current mortgage, the first question you usually ask is, “I wonder what rates are like?” Mortgage interest rates have an impact on monthly payments, maximum loan amounts and the amount of interest paid over the life of a loan, so it pays to shop […]

30 year fixed historical graph |

Employment Situation Report: Most Important Indicator for Mortgage Interest Rates
November 1, 2013

Investors who buy stocks and bond for their own retirement as well as professional money managers pay close attention to the array of economic reports released each month. Some reports are viewed with more importance than others but regardless of the degree of impact, investors evaluate the numbers as they are released. Check today’s mortgage […]

Recent Posts

Credit Scores

USDA Home Loans : Zero-Down Eligibility & Qualification [Updated for 2018]
February 28, 2018

USDA home loans offer 100% financing, low rates, and affordable payments. These loans are becoming more popular by the day, as buyers discover an easier way to buy a home with zero down payment. >> Check your USDA home buying eligibility here The United States Department of Agriculture (USDA) sets lending guidelines for the program, which is why […]

Piggyback 80 10 10 Loans Will Save You Money in 2016
June 1, 2016

80 10 10 Loans for Today’s Home Buyer An 80 10 10 loan is a mortgage option in which a home buyer receives a first and second mortgage simultaneously, covering 90% of the home’s purchase price. The buyer puts just 10% down. This loan type is also known as a piggyback mortgage. It is popular because it helps buyers avoid […]

Refinance Decision Center
March 10, 2016

Curious which loan type to use for your refinance? Use this chart to help you decide. Refinance Type Use this loan to refinance if… Min. Credit Requirements Upfront Mortgage Insurance Monthly Mortgage Insurance HARP 2.0 >>Click To Check Rates<< You currently have a loan held by Fannie Mae or Freddie Mac and you’re underwater. Good […]