Category: Mortgage
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FHA Loans for Investment Properties?
Are you wondering if an FHA loan can be used for investment properties? If you’re asking yourself this question, you’ve come to the right place. This article will guide you through how you can use FHA loans to potentially buy investment properties. Keep reading to determine whether this path makes sense for you. Key Takeaways…
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How to Apply for a Non-Qualified Mortgage
Struggling to secure a traditional mortgage for your dream home? You’re not alone. This blog post dives into the world of non-qualified mortgages, a solution that might just fit your unique financial situation. Keep reading to learn more about what non-qualified mortgages are, how they differ from qualified mortgages, the benefits, and who can benefit…
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Low-Income Loans & Where to Get One
Dreaming of owning a home, but your income feels like a barrier? Low-income loans might just be the resource you need. This article shines a light on these specialized loans, guiding you through their benefits and how to snag one for yourself. Keep reading — getting these loans may be simpler than you think! Key…
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How to Get a Home Loan When You’re Self-Employed
Buying a home can feel out of reach when you’re self-employed. Many lenders are cautious about loaning to those without steady paychecks. If you’re self-employed, this article’s for you. Keep reading to learn how to move through the steps to qualify for a home loan — even with your unique income situation. Key Takeaways Lenders…
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FHA 40-Year Mortgage: What You Need to Know
Buying a home can be stressful — especially when it comes to finding a mortgage that fits your budget. Did you know the FHA 40-year mortgage offers an extended repayment period compared to a traditional 30-year loan? In this post, we’ll explore the ins and outs of this loan option, helping you decide if it’s…
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Buydown Mortgage: Meaning, Pros and Cons, FAQs
Buying a home is exciting, but rising interest rates can be a hurdle. A buydown mortgage might provide the relief you’re seeking. In case you’re unfamiliar, it’s an option that temporarily lowers your interest rates. In this post, we’ll explore how a buydown mortgage works, its benefits and drawbacks, and answer common questions to see…
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Can You Refinance a Home Equity Loan?
You’re paying more than you’d like on your home equity loan, and it’s starting to pinch. Did you know that just like a mortgage, you can refinance a home equity loan too? This article is your roadmap to understanding the ins and outs of refinancing, helping you to weigh the pros and cons for smarter…
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How Many Times Can You Use a VA Loan?
Are you wondering if your VA loan benefits have a limit? Surprisingly, one of the lesser-known facts about VA loans is their reusability. This post will guide you through understanding how many times you can tap into this valuable resource to buy or refinance your home. Key Takeaways VA loans offer huge benefits like no…
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A Guide to Conditional Loan Approvals
Finding the right home feels exciting, but securing a mortgage can be nerve-wracking. Good news: A conditionally approved mortgage could be your stepping stone to getting those keys in hand. In this guide, you’ll learn what conditional loan approval means for you and how it can accelerate your path to homeownership. Key Takeaways A conditionally…
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USDA vs. FHA: Which is better for first-time home buyers?
Choosing the right home loan can be a real head-scratcher for first-time buyers. Did you know that both USDA and FHA loans offer special benefits to make homeownership more accessible? This post will clear up the confusion, breaking down each option so you can find the fit that’s best for your dream home. Let’s dive…