No longer does a potential home buyer (or move-up buyer) have to decide between buying a new home or renovating their existing one. Now they are choosing both, renovating their newly purchased home. Renovation Lending plays a big role in...
Category - Loan Types
Federal Housing Administration (FHA) loans are popular, government-backed home mortgage loans that are tailored toward borrowers with limited savings and/or credit challenges. However, anyone who meets the eligibility requirements may...
Student loan debt is a crisis! Americans owe more in student loans than they do on credit cards. America’s college grads owe 1.7 trillion dollars on their student loans, as of January 2021.1 This is a substantial debt load for the people...
Last week, the Community Home Lenders Association (CHLA) wrote a letter to Treasury and FHFA asking for a suspension of Fannie Mae and Freddie Mac mortgage purchase restrictions adopted in mid-January as part of changes to the GSEs’ Preferred...
Los hogares multigeneracionales en bienes raíces han estado teniendo una tendencia al alza, y esto continúa desde 2009. Las estadísticas demuestran que 1 de cada 5 estadounidenses vive en un hogar multigeneracional; es decir, una o más...
Attention small community renters: why rent when your dream home sits a few miles away with no money down? USDA home loans have grown increasingly popular over the years, helping more than 650,000 individuals and families into homes...
The first step was buying your first house, and you felt the benefits: your credit score continues to increase, and during tax season, you can write off 12 months of interest and keep a huge chunk of cash to yourself, not to Uncle Sam. You feel...
Where do you feel most at home? Do you prefer rolling hills and fields over the hustle and bustle of a city or suburb? For all those wishing to escape the traffic and crowds that come with city life, a cozy home in the quiet atmosphere of a...
One of the many perks to home ownership: building equity. According to CNBC, today’s homeowners have the highest amount of total accumulated equity in their homes ever recorded, sitting at $5.8 trillion. With home values steadily on the...
If you can answer “yes” to any of the below questions, you’ve probably been refused a home loan because your qualifications are outside the norm: Are you self employed? Investor with 4 or more financed properties? Credit...
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