For the first-time home buyer, it can get confusing to wade through the variety of loan options out there. To ease the selection process, lenders have come out with the first-time home buyer loan. But before you decide to sign up for this loan, there are a few things you need to inform yourself about. …
3 Types of Listings for HUD REO Properties
It is important to be familiar with three terms which the US Department of Housing and Urban Development uses in sales If you plan to buy HUD Real Estate Owned (REO) properties, it is important to be familiar with three terms which the US Department of Housing and Urban Development uses in sales: Insurable (203b), Insurable with …
Should You Refinance from a 30-year to a 15-year mortgage?
Mortgage rates have been decreasing nationwide, and rates are so low that they seem unbeatable, offering the best value possible. The average rate for a 15-year loan is 2.63%, about 70 points lower than a comparable rate for a 30-year loan. Such low rates and large rate discrepancies make refinancing from a 30-year mortgage to …
