fha loan: The Advantages of VA Loans for First-time Home Buyers
- 01/15/21 07:45 AM
Most VA-eligible borrowers have seen the need to finance a home through the VA Loan Guaranty Program. With first-time home buyers, there might be even more reasons to utilize the famed home financing program for veterans. In most cases, first-time home-buyers are young couples simply starting families. Most of them don’t own a huge amount of money to put down on their home purchase. The good part about a VA-guaranteed home loan is that any eligible borrower may get into a good starter house with zero cash down. On the other hand, other mortgage programs request from 3.5 to 20% in cash … (0 comments)
fha loan: Are FHA Refinance Loans a Great Option Right Now?
- 07/17/20 06:43 AM
With mortgage interest rates at historic lows, now is an excellent time to refinance an existing home loan. Refinancing makes sense for borrowers who have fixed-rate loans at much higher rates than what lenders are currently offering. FHA refinance loans are a popular option due to their favorable terms for borrowers.
What is Refinancing? Refinancing replaces an existing mortgage with a new mortgage. The new loan may have a lower interest rate or a shorter term, helping borrowers save money in the long run. Refinancing can also help borrowers eliminate their private mortgage insurance premiums or take out cash for home improvements, making … (0 comments)
fha loan: Why an FHA Loan is a Great Option in 2020
- 04/06/20 04:48 AM
Even with a credit score of 620, you can qualify for an FHA loan with a down payment as low as 3.5%. As these loans are insured by the Federal Housing Administration, the chances of qualifying for one are much higher. Although these loans are government-backed, it is still important to do some shopping around for the best mortgages as FHA loans are supplied by private lenders with varying terms and requirements.
Check out this detailed blog post to find out more:
Most VA-eligible borrowers have seen the need to finance a home through the VA Loan Guaranty Program. With first-time home buyers, there might be even more reasons to utilize the famed home financing program for veterans.
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