March 28, 2020

Making Your Applications Easier With Your Mortgage Broker, Orlando, FL

A key to getting the best deal on a mortgage is to have a good working relationship with your mortgage broker, Orlando, FL. A good working relationship helps him to connect you to lenders that offer the best mortgage options available in the market. It encourages open communication, which is essential to getting your message across – on what your mortgage end goal is. The question then becomes: how to have a good working relationship with your mortgage broker, Orlando, FL? Here are some tips to consider: Do your homework You must do your homework before applying for a mortgage. That means identifying the things that you need to prepare. For example, you find out what is the credit score […]
March 27, 2020

VA Home Loans, Tucson, AZ -The Benefits That Might Interest You

You probably have reached this page because you are interested in VA home loans, Tucson, AZ. You have come to the right place as we have discussed below some benefits of VA home loans that you must know before you even decide whether to go for it or not. Of course, you have to check out the minimum requirements before making any decision. Here are some of the benefits of VA home loans, Tucson, AZ: VA Home loans, in general, have lower interest rates than conventional private mortgages Unlike the typical home loans that require you to pay monthly PMI premiums, buying insurance is not a requirement with VA home loans – even without a downpayment, saving you some hundreds […]
March 26, 2020

Applying For Jumbo Home Loans, Orange County – Some Questions To Ask

One of the mortgage options that you can consider is jumbo home loans, Orange County. These are loans that are larger than the conforming loan limits prescribed by government-sponsored mortgage institutions Fannie Mae and Freddie Mac. In 2020, the maximum conforming limit is USD 510,400. Now, the question becomes: Am I qualified for jumbo mortgage loans, Orange County? The following are some crucial questions you need to ask yourself. Do I have a good (if not exceptional) credit score? While every lender has different requirements for jumbo loan application approval, they generally require higher credit scores for a higher loan amount, which includes jumbo loans. Most lenders want to see 700 to 720 at the minimum for jumbo home loans. […]
March 25, 2020

When To Consider A Mortgage Refinance, Austin, TX?

Here’s the thing: The Mortgage Bankers Association is forecasting USD 1.23 trillion of refinancing originations this year, and that translates to a 37 percent increase from last year. The primary reason? The plunge in government bond yields as Treasuries have fallen to record lows as investors seek a haven from the stock market blow brought about by the covid-19 pandemic. For those who are new to the term, mortgage refinancing is a way of paying off your existing loan and replacing it with a new one. It has several end goals: (1) to obtain a lower interest rate; (2) to make the mortgage term shorter; (3) to convert from adjustable-rate mortgage to fixed-rate mortgage or vice versa. Now, you probably […]