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An adjustable-rate mortgage is also called an ARM; it is a popular type of mortgage with an introductory interest rate that will last for a specific period of time before resetting...
Read MoreWhen you apply for a home loan, you have the option of choosing between a government-backed mortgage, like an FHA loan or a conventional mortgage...
Read MoreFor many borrowers, particularly first-time buyers, the down payment and cash for closing costs is the greatest obstacle to buying a home in Cement City, MO...
Read MoreMany borrowers who plan on buying a fixer-upper discover that it can be challenging to find financing, as lenders typically do not want to make a mortgage...
Read MoreThe FHA loan program is one of the most popular mortgage programs in the United States. The Federal Housing Administration (FHA) does not lend money, but insures...
Read MoreIf you have an FHA mortgage, the FHA Streamline Refinance program is the fastest and easiest way to refinance your loan. Unlike most refinance loans...
Read MoreFirst-time homebuyers, in particular, find it challenging to come up with their down payment and closing costs. This does not mean homeownership is unattainable...
Read MoreThere are many types of home loans, although fixed-rate loans remain the most popular option for homebuyers in Cement City, MO. Most fixed loans have a 15-year or 30-year term...
Read MoreThe FHA loan program is one of the most popular mortgage programs in the United States. The Federal Housing Administration (FHA) does not lend money, but insures...
Read MoreWhile interest rates are usually a bit higher for jumbo loans, they have actually been very competitive over the last two years...
Read MoreFHA loans are popular among low- and middle-income borrowers in Cement City, MO, but many are surprised to learn the FHA also insures large loans...
Read MoreNow, instead of having two loan payments, you can avoid costs of private mortgage insurance (PMI) with a single, affordable mortgage loan...
Read MoreWhen you refinance a loan, you pay off your existing home loan and replace it with a new one, or combine a first and second mortgage into a single new loan...
Read MoreA reverse mortgage is a unique type of loan that is available to homeowners who are at least 62 years old. A reverse mortgage allows homeowners to access their equity and turn it into cash...
Read MoreMany seniors use reverse mortgages to access the equity in their home, but recent legislation by the FHA now allows seniors to use this loan option for a home they do not yet own...
Read MoreThe Tennessee Housing Development Agency (THDA) was created in 1973 to help low-income individuals and families obtain affordable home loans...
Read MoreYou may be eligible for a no down payment loan through the USDA home loan program if you meet income guidelines and buy in a designated rural area.
Read MoreVA loans through the U.S. Department of Veterans Affairs are available to qualified veterans and military members. The VA does not make loans, but insures loans made by lenders to veterans...
Read MoreThis program offers both the HomeReady and Home Possible options at 97%...