Are you a homeowner looking to fund a home renovation project or pay off high-interest debt? You may want to consider using your home equity to finance home improvements or other expenses. It can be a valuable resource for homeowners…
Many people ask us what types of heat sources are okay for homes where the borrower is using FHA to finance the property. Here’s the information – and by the way, USDA (Rural Housing) uses FHA rules listed below as…
VA loan assumptions are not restricted to Veterans who have VA eligibility. Anyone can assume a VA loan if they meet the occupancy, credit and income requirements set forth by the VA.
MassDREAMS is a grant available with a MassHousing or MHP first mortgage loan and is made possible by federal funding from the American Rescue Plan Act of 2021, which provides assistance to states to mitigate the economic effects of the…
Not everyone who served our country is eligible for exemption of the Funding Fee —but there are many, many veterans who DO qualify and don’t realize that they are eligible.
There are many talks right now about spiking property values contributing to a rise in personal net worth. The more your home is worth, the more equity you have—and more equity gives you more options to choose to refinance to…
The United States Department of Veterans Affairs (VA) guarantees home loans for service members, Veterans, and eligible surviving spouses. These home loans are provided by banks and mortgage companies and backed by the VA to help our Nation’s bravest achieve…
It was recently announced that home refinancing applications have returned to where they were this past winter. Rising home values have provided homeowners additional equity, leading many to cash out or reduce the term (also known as the length) of…
The housing market continues to stabilize as the number of underwater mortgages was reported to be less than 5 percent. A mortgage becomes ‘underwater’ when the amount of your loan exceeds the value of your home. Let’s say that you…
If you're evaluating your financial goals, it may be wise also to consider your refinance loan options. There's rarely been a better time to leverage your most important investment to help you plan for the future. As of June 5,…
