Outside the Norm Home Loans Unusual circumstances call for expert financial guidance to find the right loan. When it comes to home loans most people are aware of the normal, regular loans and may be surprised there are quite a few loan programs to fit not so normal sets of wants and needs. For example, did you know these types of home loans are available? 3% down conventional loans 100% cash out Veterans’ loans FHA and VA loans with a credit score as low as 500 Renovation loans based on the purchase and repair cost Manufactured home loans; (6 comments)
Eight Reasons to Refinance your Mortgage Since there seems to be a trend of rising interest rates, you may be wondering if you should refinance your home mortgage. There are several reasons why this might make a lot of sense. Here are a few: If your current jumbo loan or the combination of your first and second loans are $424,100 or less, you can refinance into a regular conventional loan. The conforming loan limit was increased a few months ago to $424,100. If you have a VA home loan you can refinance without an appraisal. The (21 comments)