Mortgage News, Tips and Resources

Four types of mortgage loans to consider: traditional mortgage loans, FHA loans, USDA loans, and reverse mortgage loans.

Mortgage dos and don'ts include ensuring all your financial documents are in order, and refraining from making expensive purchases, respectively.

A jumbo loan limit varies, depending on location. In areas where the cost of living is higher, the limit also tends to be a higher amount.

USDA loan closing costs vary depending on the size of the loan and the down payment. Other factors include lender and notary fees.

While conventional mortgage loans are not insured by the federal government, FHA loans are. Therefore, they are less of a risk for lenders.

Over the past decade, jumbo mortgage rates have become more affordable for home buyers. However, these rates can change on a daily basis.

A duplex can be a good investment, as it as several advantages. But be sure to also consider the disadvantages before making a decision.

There are both pros and cons to buying a house in the summer. Typically, there are a high number of listings, but at higher prices.

Steps to buying a house include deciding on a budget, researching your mortgage options, finding the right realtor, and closing the sale.

You may be able to recoup some of your closing costs at tax time, as your property taxes, mortgage interests and points are tax deductible.

What documents do I need to apply for a mortgage? Your mortgage loan originator will ask you for bank statements, W2s and more.

Some questions to ask when buying a home include what the average prices in the area are and what repairs need to be addressed.

You, the home sellers, both of your attorneys, and a bank attorney are just a few faces you will find at the closing table when buying a home.

FHA 203(k) loans help people fund home remodeling projects. This is a great option for those looking to buy a home that needs some work.

For first-time home buyers, consider the type of property you want to purchase, get pre-approved for a mortgage, and work with a realtor.

The average closing costs on a home vary depending on the region in which you live in. For example,in New York, the average is $2,500-plus.

Owning a multi-family home has its benefits, but do your research first. Consider the property's size and the idea of being a landlord.

USDA loans are government-backed home loans designed by the United States Department of Agriculture for low-income buyers.

When it comes to getting a mortgage pre-approval, be ready to provide proof of income, confirm your employment, among other things.

USDA home loans are mortgage loans for low-income borrowers in rural areas. In order to qualify, you must meet certain requirements.