My Mortgage Insider » Understanding Mortgages

A cash out refinance can put money in your pocket or pay off big debts. Here are some guidelines and things to think about before opening a cash out loan. The post Cash-out Refinance | Pros & C...

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First-time home buyers can get three big benefits from a USDA loan: Buying with no money down: Usually, home buyers put at least 3% down, and a lot of buyers The post USDA Loans: First-time Ho...

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An adjustable-rate mortgage (ARM) is a home loan that offers a low interest rate for a pre-set period, typically anywhere from 3 to 10 years. When that period is finished the loan’s rate adjust...

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Stated income loans are making a comeback — sort of. Extremely popular in the early 2000s, stated income loans were one of the factors of the housing market collapse. Why? The post Stated In...

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With a second mortgage, a homeowner can borrow at a very low interest rate, using his or her equity in the home as security. The post Second Mortgages | What To Know 2024 first appeared on My ...

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Most conventional mortgages come with caps on the amount you can borrow. These are called “conventional loan limits” or sometimes “conforming loan limits.” The post Conventional Loan Li...

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A couple in their mid-70s just recently purchased a home and got a mortgage to move closer to their children and grandchildren. They decided on Home Equity Conversion Mortgages (HECM) The post...

https://mymortgageinsider.com/senior-citizens-can-be-successful-at-getting-mortgages/

“Affordable Loan Solution” program offers 3% down loan The “Affordable Loan Solution” mortgage is a conventional loan program from Bank of America intended to be a less expensive option t...

https://mymortgageinsider.com/three-percent-down-no-mortgage-insurance-loan/

When you apply for a mortgage, the lender will check your monthly income to make sure you can afford to make regular house payments. For some borrowers, monthly income isn’t The post How To ...

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You can buy a house for an elderly parent and get better interest rates by classifying it as "owner occupied." The Family Opportunity Mortgage is a great way to help aging parents. The post Fan...

https://mymortgageinsider.com/buy-home-for-elderly-parent-best-interest-rates/