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If you are a home owner and have been paying your mortgage faithfully for awhile, chances are you may have some decent home equity accumulated. And if your home has appreciated in value, you could have quite a bit more…

When looking for a mortgage, it’s a mistake to simply go with the first lender you meet. Instead, you should meet with at least three mortgage lenders, and come prepared to ask questions. Ask what types of loans they offer:…

Mortgages, the word itself is scary enough but when you don’t understand what each one means, you could find yourself in a financial disaster. In a new article written for Realtor.com, Margaret Heidenry provides and in-depth look at reverse mortgages.…

VA loans aren’t generally as strict about your debt ratios as many conventions loan programs are. Ideally, your total Debt To Income (DTI) ratio should not be above 41 percent, but even if it is, the VA accounts for compensating…

A mortgage is a loan that allows you to pay for a house without having hundreds of thousands of dollars on hand. A mortgage has a down payment which is the portion of the house that you are paying for…

When applying for a loan that is sponsored by the VA, applicants can typically expect an amount that is about 25% of the anticipated loan. If it is an amount that is under $144,000, they may give up to 40%,…

Buying a house can be stressful enough, but without having your questions answered, it could be a lot worse. Are you able to pay more for a house than the appraised value? Should you? Would you even want to? This…

The VA offers many different loan plans. You can make the best option for your situation. If you want to stay in the home for a long time, the fixed rate loan is a preferable choice. If you are planning…

Your relationship with your mortgage lender does not end after your mortgage is secured. If you are getting the runaround from your lender, there are ways you can get straight answers. The law requires response from your lender within 30…

Government backed mortgages have loan limits to limit the amount the mortgage can be. Each different government backed mortgage type has a different limit for the year 2019. An FHA loan has a limit based on the cost of living…