What is an FHA Mortgage?

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An FHA mortgage is a home loan insured by the Federal Housing Administration. The FHA does not provide money directly to borrowers; rather they insure the mortgage against a default. This makes Federal Housing Administration borrowers particularly … [Read more...]

How to Spot Check on Your GFE

Home Expenses

Within three days of receiving your loan application, your lender must give you a good faith estimate that clearly describes the terms and fees for mortgage you selected. As of January, 2010, HUD provided a standard three-page form to make it easier … [Read more...]

How to Shop for the Best Mortgage

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Most people who are in the market for a new car would never dream of going to only one dealership, yet those same people often neglect to shop around to find the home loan that works best for them. If you are in the market for a new home loan, try … [Read more...]

10 Steps to a Smooth Mortgage Process

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Going through the process of getting approved for a mortgage loan can be intimidating, but there are a few things you can do to make sure the whole process goes as smoothly as possible. 1. Familiarize Yourself with the Mortgage Process Do some … [Read more...]

6 Common Mortgage Shopping Myths

Shopping for Mortgage

For some shopping for a mortgage online can be daunting task. Add in all facts, rates, values, and now it becomes a stressful challenge. We've all had someone tell us don't believe everything you hear? Well, if you're in the market to refinance your … [Read more...]

Renting vs. Buying

home-east

Deciding whether to rent or buy a home is an important decision.  Since there is so much to take into consideration it is best to have all of the facts to make an informed decision. When you rent you have to look at it from a monetary standpoint, … [Read more...]

Getting Prequalified is the Key to Getting Your Offer Accepted

Mortgage Purchase Contract

If you are in the market to purchase a new home, you need to know that one of the most critical components to getting your offer accepted by the seller is having a pre-qualification or pre-approval letter from a reputable lender. In fact, it can make … [Read more...]

My Mortgage is Underwater, What are My Options?

underwater-home

Are you drowning in debt? Is your mortgage underwater? Do you face foreclosure or mortgage delinquency? Believe it or not, despite such hardships and overwhelming financial challenges, there are some proven ways to find relief and get your life back … [Read more...]

How to Check Your Credit Score Before Apply for a Mortgage

Balancing Budget

What's your credit score? This is the first question you should be prepared to answer when applying for a mortgage or really any big purchase. When was the last time you checked your score? If you canÕt answer this simple question itÕs time to … [Read more...]

Homeowners Insurance: Do I need it and if so, why?

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Homeowners insurance is one of those things that you should always have.  It protects your home and belongings if tragedy strikes.  Even some renters are required to maintain insurance on a property.  But the truth is most lenders require it on a … [Read more...]