Mortgage Loans

FHA loan pros and cons.

Compare FHA loans with 3.5% down vs. conventional loans with 3% down. Rates, requirements, credit score, eligibility, and benefits.

Should you really pay down your mortgage or is there a better investment strategy? Why paying off your mortgage is a BAD IDEA.

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1. Income You need income. You need to be able to afford the home. But what is acceptable income? Let’s just say that there are two ratios mortgage underwriters look at to qualify you for mortgage payment: First Ratio – The first ratio, top ratio or housing ratio. Basically that means out of all the gross monthly income you make, that no more that X percent of it can go to your housing payment. The housing payment consists of Principle, Interest, Taxes and Insurance. Whether you escrow or…

First-time home buyers tend to find the mortgage approval process confusing. We know, because we get their questions via email on a regular basis! So we’ve created this guide to walk you through the different steps in a typical mortgage approval process. Note: The lending process can vary from one borrower to the next, due […]

Thinking of refinancing your home? Weigh the pros and cons before making the decision.

The USDA offers a no down payment mortgage option you probably didn't know existed, and you don't have to be a first time home buyer to take advantage!

FHA loans vs Conventional loans and the Pros and Cons of both. Decide which Mortgage Product will be most beneficial by Comparing FHA and Conventional Loans.