Posts Covering Mortgage Strategy

Before Making A 20% Mortgage Down Payment, Read This

Making a large downpayment is not the conservative investment you believe it is. The risks of putting 20% down on a home are real. Know what you should do.

Should You Use Your Real Estate Agent’s “Preferred” Lender?

The lender that works in your real estate agent's office is a convenient choice. But how do you know they will get you the best mortgage value?

3 Cost-Saving Piggyback Loan Strategies You Should Know

A piggyback loan is two loans in the place of one. Avoid mortgage insurance, plus two more strategies can reduce home financing costs.

Assumable Mortgages: Assume Someone Else’s FHA, VA, or USDA Home Loan

Buying a home? Save on your mortgage rate *and* your closing costs. Assume the seller's mortgage and make it your own. A guide to how assumable loans work.

HOA Dues Can Make A Condo More Spendy Than A House

You might be able to buy a free-standing home for the same monthly cost as a condominium. Use an HOA dues-enabled mortgage calculator to find out.

Surprising Strategies To Beat An All-Cash Offer

Get your offer noticed and accepted, even when going up against a cash home buyer.

The 80/10/10 Piggyback Mortgage Is Often Cheapest

The 80/10/10 mortgage is widely-available and buyers are using it to avoid PMI; and, to buy homes more cheaply. More on the program plus today's live rates.

Mortgage Calculator : Enter Your Income, See Your Home Price

Not every mortgage calculator is created equal. Use one that can tell you what you are likely to afford based on your income.

Today’s Home Buyers Making Smaller Mortgage Down Payments

Home buyers are putting less money down at the time of purchase. Some of the programs they're using to get this done, and why being "house-poor" is no good.

My Home Didn’t Appraise For Its Purchase Price. Now What?

What to do when you home fails to appraise for its purchase price, or when your home appraisal is turned down because of loan-to-value (LTV).

Caution: You May Know Less About Mortgages Than You Think

Few first-time home buyers have the minimum personal finance knowledge necessary to shop for, and purchase, a home.

5-Year ARM Mortgage Rates Down Big In 2016

With today's mortgage rates low, and for the right buyer, a 5-year ARM may be the more suitable option as compared to the 30-year fixed-rate mortgages.

4 Types Of PMI: Which One Is Right For You?

There is more than one type of PMI; in fact, there are four. Choosing the right one puts you in a better home buying position.

New Rules For Warrantable & Non-Warrantable Condo Mortgage Loans

Demand for condos is increasing nationwide and getting approved for a mortgage just got a little easier. How to qualify, plus access to today's rates.

Qualifying For A Mortgage When You Work Part-Time

Home buyers can qualify for a mortgage even without a full-time position. Part-time workers with one or two jobs can apply and receive a mortgage approval.

Second Home Purchases Soar On Low Rates, Better Mortgage Options

Second home sales reached nearly 1 million in 2015. Financing options are now easier to find and buyers are finding solid value in leisure residences.

Get A No-Closing-Cost Mortgage And A Low Rate, Too

Today's low mortgage rates are helping consumers secure mortgages at zero out-of-pocket expense.

How To Get A Mortgage If You’re Newly Self-Employed

Lenders don't always require two years of tax returns to approved self-employed mortgage applicants. Know these strategies, and get an approval.

“Should I Refinance?” – Today’s Mortgage Rates Approach 3.125%

"Should I refinance my mortgage?" An analytical look at reasons to refinance, plus how to lock today's mortgage rates with no closing costs.

New Rules In Effect For Self-Employed Mortgage Borrowers

Good news for the nation's 14-million self-employed workers -- mortgage lenders are making it easier to get approved for a purchase loan or home refinance.

2016 Conforming, FHA, & VA Loan Limits

Mortgage loan limits for every U.S. county, as published by Fannie Mae & Freddie Mac, the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA)