Mortgage

Questions and Answers Regarding The Veterans Loan Program

Questions and Answers Regarding The Veterans Loan Program

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Owning a home is important to military veterans just like the majority of other consumers. The Veteran’s Administration has provided an exceptional benefit for those who have served (or are currently serving) in any of the armed forces. And this VA Loan Program is helping thousands of service members achieve the goal of home ownership.

What Changes Occurred In FHA And FNMA Rules During 2018?

What Changes Occurred In FHA And FNMA Rules During 2018?

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Those who are involved in the mortgage industry must keep updated on changes to FHA, and Fannie Mae (FNMA) loans. Since loan limits and other changes are often made annually, keeping up with these changes helps make sure consumers get the right information at the time of their application.

The Four Best Questions To Ask Before Refinancing Your Mortgage

The Four Best Questions To Ask Before Refinancing Your Mortgage

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When trying to decide what to do, compare the cost of refinancing with what it would cost you in additional interest to hold on to your existing loan. While the breakdown is different for every borrower, generally, you’ll need to keep your current house and loan for anywhere from three to six years to break even on the costs of refinancing.

What Items Can Change My Mortgage Pre-Approval Status?

What Items Can Change My Mortgage Pre-Approval Status?

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When you are purchasing a home, your lender may recommend you obtain a mortgage pre-approval before you find the home of your dreams. There are some benefits to being pre-approved before you find a home, but oftentimes, people confuse pre-qualifications with pre-approvals.

Can I Have A Co-Signer For My Mortgage Loan?

Can I Have A Co-Signer For My Mortgage Loan?

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Like credit cards or car loans, some mortgages allow borrowers to have co-signers on the loan with them, enhancing their application. However, a co-signer on a mortgage loan doesn’t have the same impact that it might on another loan. Furthermore, it poses serious drawbacks for the co-signer.