Luke Skar
Find top mortgage and financial advice resources from around the web. Whether it's information on the FHA, VA or USDA mortgage program or any number of conventional mortgages, this list has it all.
Ever since the latter part of the 80’s decade, elder citizens have been able to tap in to the equity of their home via a reverse mortgage. The most popular version of the loan is the FHA insured Home…
A Minnesota rural development loan is a great way for MN residents to buy a home with no down payment. View USDA mortgage requirements & guidelines inside!
For people that are looking for a way to buy a home with as little out-of-pocket costs as possible, the USDA mortgage could be their best option.
Your financial life will be under a microscope when you apply for a mortgage to buy a home or refinance an existing mortgage. One item that can cause some issues, and possibly prevent you from getting a mortgage, is a change in jobs.
All job changes are not bad. There are a few scenarios where a job change is a good thing. These scenarios usually do not cause too much trouble, as long as there are good explanations and supporting documentation to explain the change.
However, some job changes are simply too risky for a mortgage lender to consider. These types of job moves will stop a mortgage application on its track.
Understanding which career move is right, and which ones are considered risky, can help you as you consider a job offer in the overall context of how it will affect your future ability to get a mortgage loan.
Mortgage loans require a long-term commitment and a major financial outlay for the majority of home buyers.
This is why it is a good idea to research the available loans and compare the advantages & disadvantages of each lending option.
A USDA home loan has several pros that make it appealing to a variety of homebuyers.
From the no down payment option to lenient credit requirements, and really low interest rates, there is no doubt that this is a good option for numerous borrowers.
But the borrowers need to be aware of the drawbacks. The location of the property, along with borrower income restrictions, may not fit with every homebuyer’s situation.
If you meet the requirements to be eligible for a VA loan, they have very attractive terms. With no down payment requirement and no private mortgage insurance, this is an option that could allow you to buy a home sooner and with less to pay.
When you are buying a home in Indiana, there are many reasons to consider an FHA loan. If you are purchasing your first home, want to refinance, or a lower down payment is attractive, an FHA loan is a great option for many borrowers.
If you are looking for more flexible terms, with a lower down payment, but still low-interest rates, the FHA is worth considering when buying your home in Michigan. If you can’t meet the requirements of a conventional home loan, the FHA’s easier requirements can still help you buy your home with attractive loan terms.
What are the pros and cons of a reverse mortgage? See both the advantages and disadvantages of this loan product for seniors.
Private Mortgage Insurance (PMI) is an insurance premium paid by homeowners who have put down less than 20% on the home they purchased. Lenders require this as a safety cushion for themselves in the event the homeowner defaults on their loan.
See how to get the equity out of your home with three options, including downsizing into a smaller home, a reverse mortgage and a home equity loan.
FHA Mortgage quirks all buyers need to be aware. When in doubt, a loan officer can assist with your application. FHA tips via Anita Clark.
What is a reverse mortgage? A mortgage product originally designed for lowe income seniors to help fund their retirement. A reverse mortgage may not be for everyone.
Earned VA Second-Tier Entitlement For Veterans If you are a qualifying veteran looking for a way to buy a 2nd home or purchase a home after foreclosure/bankruptcy, the Second-Tier Entitlement on VA...
Find out how homeowners across the United States are paying off mortgages early. Seven tips on how to pay off mortgage early.
Buying a House with Bad Credit, Bankruptcy, Foreclosure
Reverse Mortgage program in Wisconsin, Illinois, Minnesota and Florida. Purchase, refinance or get out of a foreclosure with an FHA (HECM) Reverse Mortgage.
A Minnesota FHA loan is a great way for MN home buyers to buy a home with a little to no down payment. View FHA mortgage requirements and guidelines inside!
If you are looking to buy a rehab home, now is the time to look at a FHA 203K mortgage rehab loan today. As part of the US Department of Housing and Urban Development, the Federal Housing Administration assists potential homeowners just like you to make their dream a reality!
See how to make your house FHA mortgage eligible. Make the mentioned necessary repairs on your property so a buyer can get FHA financing.
Mortgage refinance information on conventional loans (rate and term, cash-out and cash-in), FHA, VA, USDA and land contract refinance for Wisconsin, Illinois, Minnesota and Florida properties.
Why you should explore the various options for financing a house before actually applying for a mortgage. It's important to compare each financing option for your home purchase.
How much down payment do I need to buy a home?, Find a local mortgage broker Los Angeles, Best mortgage rates, Best mortgage broker in Los Angeles Joe Tishkoff
Read detailed information on how to avoid no down payment mortgage mistakes on our blog https://www.madisonmortgageguys.com/no-down-payment-mistakes/ In this...
FHA has a special type of loan called the FHA 203k Loan. This mortgage gives potential buyers an opportunity to purchase a property and also get funds to repair or even remodel a home. With other types of financing, the buyer would need to get two separate loans; one for the purchase of the home and the second loan for the remodel. The two-loan method can be more costly and complicated. Thankfully, the FHA 203k loan makes it much easier.
