Understanding Mortgages | My Mortgage Insider

Cash Out Refinance · Refinance · Understanding Mortgages

Cash-out Refinance | Pros & Cons 2024

January 15, 2024

A cash out refinance can put money in your pocket or pay off big debts. Here are some guidelines and things to think about before opening a cash out loan.

first time home buyer guide to usda loans

Home Buying · Understanding Mortgages · USDA Home Loans

USDA Loans: First-time Home Buyer’s Guide 2024

January 5, 2024

First-time home buyers can get three big benefits from a USDA loan: Buying with no money down: Usually, home buyers put at least 3% down, and a lot of buyers […]

Happy couple showing keys from flat on moving day

Understanding Mortgages

What is an ARM mortgage? | Rates & Requirements 2024

January 5, 2024

An adjustable-rate mortgage (ARM) is a home loan that offers a low interest rate for a pre-set period, typically anywhere from 3 to 10 years. When that period is finished the loan’s rate adjusts based on changes in overall interest rates — though in most cases, “adjusts” means the rate increases.

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News · Understanding Mortgages

Stated Income Loans Available in 2024

January 2, 2024

Stated income loans are making a comeback — sort of. Extremely popular in the early 2000s, stated income loans were one of the factors of the housing market collapse. Why? […]

Understanding Mortgages

Second Mortgages | What To Know 2024

January 2, 2024

With a second mortgage, a homeowner can borrow at a very low interest rate, using his or her equity in the home as security.

Understanding Mortgages

Conventional Loan Limits 2024

January 2, 2024

Most conventional mortgages come with caps on the amount you can borrow. These are called “conventional loan limits” or sometimes “conforming loan limits.”

Senior Citizens Can Be Successful at Getting Mortgages

FHA Loans · Understanding Mortgages

Best Home Loans for Senior Citizens in 2024

January 2, 2024

A couple in their mid-70s just recently purchased a home and got a mortgage to move closer to their children and grandchildren. They decided on Home Equity Conversion Mortgages (HECM) […]

New Loan Program Requires 3% Down No Mortgage Insurance

Home Buying · News · Understanding Mortgages

Avoid PMI Without 20% Down | Guide 2024

January 2, 2024

“Affordable Loan Solution” program offers 3% down loan The “Affordable Loan Solution” mortgage is a conventional loan program from Bank of America intended to be a less expensive option than […]

Understanding Mortgages

How To Calculate Self-Employment Income for a Mortgage | 2024

January 2, 2024

When you apply for a mortgage, the lender will check your monthly income to make sure you can afford to make regular house payments. For some borrowers, monthly income isn’t […]

Buy a Home for an Elderly Parent and Get Lower Interest Rates

Conventional Loans · Home Buying · Understanding Mortgages

Fannie Mae Family Opportunity Mortgage | 2024 Guidelines

January 2, 2024

You can buy a house for an elderly parent and get better interest rates by classifying it as “owner occupied.” The Family Opportunity Mortgage is a great way to help aging parents.

Category: Understanding Mortgages

Cash-out Refinance | Pros & Cons 2024

USDA Loans: First-time Home Buyer’s Guide 2024

More

What is an ARM mortgage? | Rates & Requirements 2024

Stated Income Loans Available in 2024

Second Mortgages | What To Know 2024

Conventional Loan Limits 2024

Best Home Loans for Senior Citizens in 2024

Avoid PMI Without 20% Down | Guide 2024

How To Calculate Self-Employment Income for a Mortgage | 2024

Fannie Mae Family Opportunity Mortgage | 2024 Guidelines

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