Lee Nelson

Lee Nelson, contributor

Lee Nelson is a Chicago-based writer whose work has appeared on Realtor.org, Yahoo! Homes, MyMortgageInsider.com, and more.

Articles by Lee Nelson

- 3 min read

No Doc Mortgage: What’s Available Now

The no doc mortgage does not exist in the same form that it had before 2008. Great Recession-era reforms require lenders to make sure the borrower can afford to repay a mortgage.

- 4 min read

What Does It Mean to Refinance Your Home?

What does it mean to refinance your home? It means replacing the mortgage you have with a better one — a home loan that costs less or better meets your needs.

- 3 min read

How Much Mortgage Can I Qualify For?

How much mortgage can I qualify for? That’s a question most homebuyers should ask before they go home shopping. Here’s how to assess your home affordability.

- 4 min read

What Is Cash-Out Refinancing?

What is cash out refinancing? It’s replacing your current home loan with a new, bigger one, and taking the difference in cash.

- 4 min read

USDA Home Loan Buyers: Real Life Success Stories

The USDA home loan — aka Rural Housing mortgage — offers zero down financing to eligible homebuyers. See how the program helped this borrower become a homeowner.