Your home declining in value will not prevent you from refinancing the mortgage and enjoying affordable payments under the HARP program. If you desire to refinance but do not qualify under the traditional loan parameters because of the low value of your home, then the Home Affordable Refinance Program presents a viable option for you. […]
How to Apply for a Home Affordable Refinance Program
The harp program was designed to assist homeowners who may find themselves in a situation where their home is worth less than what they owe to their lender. HARP allows borrowers who have remained current on their loan to re-finance them into a more affordable mortgage. Some borrowers, who originally signed on for adjustable rate […]
Have Financial Freedom With Reverse Mortgage
Reverse mortgages have enabled numerous senior citizens to secure themselves going into their twilight years. A reverse mortgage can help pay off debt or just help relieve you of monthly financial obligations that you may be having trouble paying. Before making your decision on obtaining a reverse mortgage it is good to get some advice. […]
Requirement for FHA Loan
Owning a home is a goal that anyone should strive to achieve. In recent years, homeowner’s across the country have taken advantage of low prices and great interest rates. However, owning a home is not as easy as it may seem. Lenders make it difficult for the everyday worker to get approved for a home […]
What Is the Difference Between FHA and Conventional Loan
The difference between FHA and conventional loan are down payment requirement and mortgage insurance expense. For more information, contact us now.
Conventional Loan
Conventional loan requirements are more strict compare to other loans program. Minimum down payment is 5%, loan limit will be based on your income from return tax..