Find answers to your mortgage questions
First, a brief walk down memory lane to the financial crisis of 2007-2009. Fueled by risky and lax lending standards, the housing market imploded (along with financial institutions). In the years leading up to the crash, lenders seemed eager to give a mortgage to anyone having a pulse (aka Sub-Prime loans). The terms of many … Read more
The answer is No, and Yes. The policy of FHA is that they only guarantee one loan at a time for a borrower. However, there are circumstances they DO recognize can occur where a homeowner/borrower with an existing FHA mortgage has a need for another. Listed below are the only circumstances in which a Borrower … Read more
Buying a home for the first time is an exciting stage in your life. While this endeavor is thrilling it can also be complicated. If you are on the fence and need some clarity on where to start, consider these thoughts: Before you start looking for houses, get organized and prepared. This not only means … Read more