It can be difficult to buy a new home when you already own one and are still carrying a mortgage. You will not be able to qualify for a new loan until you have successfully sold your current home. However, you likely do not want to sell your home and move into a living situation […]
A Home Buying Checklist for Millennials
Buying a new home for you and your family can be a fun and rewarding experience, but it can also be very stressful. If you are a millennial doing this for the first time, you may not know all the steps involved in the buying process that you need to prepare for. In this article […]
How Many FHA Loans Can You Have?
Created in the 1930’s in response to the depression-era rash of foreclosures, the FHA mortgage loan has been used to finance the purchase of American homes for nearly 100 years. An FHA loan is a mortgage insured by the Federal Housing Administration, (FHA) is still among the most popular and convenient ways to finance the […]
How Long Does It Take to Get A Second Mortgage?
Owning a home can get expensive. It’s not just the initial cost that most people find weighing heavy on the budget, but the ongoing maintenance to keep the home running in top shape. Sometimes, the best way to keep your home in good condition is to renovate and improve certain areas of the home. Furniture, […]
Is Mortgage Insurance Tax Deductible?
The FHA mortgage program is a government-backed mortgage loan program that is insured by the Federal Housing Administration, or FHA. FHA loans are especially popular with first-time homebuyers because they require lower minimum credit scores and down payments than many conventional loans. FHA borrowers must pay for mortgage insurance to protect the lender from losses […]
