FHA streamline loan amount calculator. An FHA loan is a government-backed loan insured by the Federal Housing Administration. FHA loans typically have lower credit scores and down payment requirements for qualified homebuyers. It is important to remember, however, that the FHA does not lend you mone...

Can you add renovation costs to conventional mortgage ? It is common for a property buyer and seller to add a renovation cost to their mortgage. A home renovation could cost both parties for hefty sum, this means they will look for alternatives for financing of the renovation cost. As the buyer, you...

What is mortgage insurance vs homeowners insurance? A mortgage insurance is used for a borrower to pay for the lender if you, as the borrower, goes default for the mortgage.  Mortgage insurance or commonly known as private mortgage insurance or PMI protects mortgage lenders if somehow the borrower ...

Is there mortgage insurance on usda loans. USDA loans are types of mortgage. They are targeting lower-income homebuyers in areas deemed rural by the U.S Department of Agriculture. Now for you to be eligible for a USDA loan, first you need to purchase a home in the area that is qualified as “rural�...

A wraparound mortgage, also known as a carry-back loan, is a form of the owner or seller financing in which the buyer gets a mortgage that includes, or “wraps” the existing mortgage the seller has on the property. The buyer makes one payment to the seller, which the seller used in part to pay th...

What is a mortgage statement? A mortgage statement is a document that is given by the lender to the borrower. Just like credit card statement, a mortgage statement includes some information regarding your status of the loan. And some other like; monthly payment summary. It tells you how much money y...

Can you refinance a va loan to conventional ? The short answer for the most part is yes, you can switch from a VA loan to a conventional loan, which is fairly significant. The first thing you will need to do generally is to check and count how much equity does your house kind of […]...

How many times can you refinance a va loan ? The answer is actually there is not limit of how many times you can refinance a home. However, there are waiting periods on how soon you can refinance a home after you have already done refinancing or buying a home. You will have to think […]...

How many times can you use a VA home loan. A VA loan is a lifetime benefit of a military and veteran, it has no limitation on how you can use VA loan. As long as you qualify as a borrower, you can have as many mortgages as you want in your life. Moreover, in […]...

Benefits of VA loan vs conventional. A VA loan basically has loads of benefits compared to conventional loans. So, if you are a military person and a veteran, you have a loan that really basically benefited you. Zero-down payment, no mortgage insurance fee, VA loan also don’t look at your credit s...