Simple guides and tips to help you better understand and prepare for the home loan process. Learn how to get a mortgage, how to refinance, and more about the many different loans programs available.
If you’re a doctor, resident, or even a veterinarian, getting a mortgage can be a little bit easier thanks to so-called “physician mortgages” offered by… Read More »Mortgages for Doctors: Expanded LTVs and Large Loan Amounts
A Common Mortgage Rate Tale You’ve been shopping mortgage rates and finally found a lender you like. The loan officer asks if you want to… Read More »Dude, Where’s My Low Mortgage Rate?
Principal vs. Principle Attention loan officers, mortgage brokers, real estate agents, and so on The words “principal” and “principle” are two very different words They… Read More »It’s Mortgage Principal, Not Principle
When deciding between renting and buying, individuals often fret about missing out on home equity if they do the former. In other words, for all… Read More »It’s Okay to Rent Until You Find a House You Really Like
Nowadays, just about everyone looking to buy or sell real estate begins their search online. And a small handful of websites seem to be dominating… Read More »What the Names Zillow, Redfin, and Trulia Mean
Mortgage Q&A: “What is lender-paid mortgage insurance?” Several years back, a rule went into effect that made mortgage insurance permanent on most FHA loans for… Read More »What Is Lender-Paid Mortgage Insurance? First Of All, You Still Pay For It
A while back, I cautioned readers to avoid swiping the credit card before applying for a mortgage. In short, the more you charge, the higher… Read More »Two Simple Ways to Boost Your Credit Score Before Applying for a Mortgage
Over the past year, mortgage rates have been relatively steady near their all-time lows. This has continued to benefit existing homeowners who wish to refinance… Read More »6 Ways to Snag a Low Mortgage Rate Even If They Suddenly Jump Higher
In the mortgage/real estate world there’s a saying: “Drive until you qualify.” It’s a cute way of saying if you can’t afford a home in… Read More »Should You Drive Until You Qualify for a Mortgage?
It’s time for another edition of mortgage match-ups: “FHA vs. conventional loan.” Our latest bout pits FHA loans against conventional loans, both of which are… Read More »FHA vs. Conventional Loan: These Charts Can Help You Determine Which Is Cheaper
