What is an FHA loan and what are its benefits?

What is an FHA loan

A home mortgage that is guaranteed by the government and provided by a bank or other lender that has been approved by the Federal Housing Administration (FHA) is known as an FHA loan. FHA loans allow applicants with lower credit ratings than is often necessary and offer smaller minimum down payments than many commercial loans…. [Read More]

How Self Employed Can Obtain a Mortgage.

self employed mortgage

The American Dream ,everyone has heard about it. Many of us desire it. And while many people’s aspirations may vary when it comes to employment, families, etc Everyone’s bucket list often includes a dream home. Historically, the opportunity to acquire a dream home needed a steady income, which meant holding down a full-time employment. However,… [Read More]

Understanding Home Equity- How you can use it.

Understanding Home Equity

What Is Equity in a Home? Your home’s equity is estimated by deducting any outstanding debt from its market value (aka the balance of your mortgage). How Can I Increase My Home’s Equity? Knowing how home equity grows is a necessary component of understanding it. The equity in your house rises when: You reduce your… [Read More]

The Dos and Don’ts of the Mortgage Process

The Dos and Don'ts of the Mortgage Process

We are aware that getting a mortgage might be stressful. During the home-buying process, bank statements, credit scores, interest rates, loan estimates, closing disclosures, and more can truly weigh you down. We’re providing you with a short list of dos and don’ts to assist you sort through the confusion and speed up the mortgage application… [Read More]

What You Should Know About VA Jumbo Loan Eligibility

Va jumbo loan feature image

VA jumbo loans don’t have fixed loan ceilings, unlike conventional jumbo loans. You can borrow more when buying a home because they are only constrained by your eligibility and entitlement. Thankfully, loans provided by the Department of Veterans Affairs (often known as VA loans) have additional advantages. No prepayment fees, how does that sound? Private… [Read More]

8 VA Home Loan Myths Busted

VA loan Myths

We have all heard about bad VA loans from other people. Some crazy stories about VA loans might make you wonder if the benefit is worth it. Have you heard of evaluations by the VA? Or you were told you need a FICO score of 700 or more. Or maybe you’re unsure about your home… [Read More]

5 Ways to Save Money on Your Mortgage

5 Ways to Save Money on Your Mortgage

If you play your cards well, you can reduce your monthly mortgage payment. The average American will make one of the biggest financial commitments of their lives when they purchase a home. Depending on the terms of your mortgage, you may be making payments on it for the next 30 years. To get the most… [Read More]

How to Get Best Mortgage Rates in Texas

How to get best mortgage Rates in Texas

Homeowners and prospective buyers typically select a mortgage lender based on the interest rate offered. This can be useful for comparing the overall cost of various loans. Your interest rate is based on a number of financial parameters, including the loan’s purpose, term length, loan amount, and loan amount. Picking the appropriate lender and making… [Read More]