Reverse Mortgage Myths #1: The bank or lender owns your home. Probably the biggest misconception of them all! Just like any other mortgage, the borrower still owns their home and remains on title and has many options. The bank holding…
Q: Do Mortgage rates change daily or hourly? A: Mortgage interest rates are in constant flux, changing every day. That's because there are a lot of different factors that influence mortgage rates, including economic conditions, inflation and U.S. Treasury bonds.…
What exactly does PITI stand for in mortgage terms? PITI - is an acronym for the breakdown of what’s included in your mortgage payment. P – Principal I – Mortgage Interest T – Property Taxes I – Homeowners Insurance Lenders will calculate your PITI…
2021 California County Loan Limits (Conforming) for FHA, VA, Conventional and Jumbo loans For 2021, the FHFA (Federal Housing Finance Administration) set the baseline conforming loan limit for 1 unit properties at $548,250 for Conventional financing (Fannie Mae & Freddie Mac) and up to $822,375 on…
What is the VA IRRRL Streamline Refinance? The VA IRRRL Streamline Refinance is another way to refinance your current VA loan into a lower rate and monthly payment unlike a traditional VA refinance. IRRRL stands for “VA Interest Rate Reduction…
THE TOP 7 ADVANTAGES OF VA LOANS Veterans have incredible housing benefits that shouldn’t be overlooked. If you served at least 181 days in the military and had any discharge besides ‘dishonorable’ you may be eligible. If you haven’t used…
To be able to obtain financing for a Manufactured Home with Unified Home Loans, the following requirements have to be met: – The home must be a minimum of 400 square feet.– The home must have been built after June…
Veterans and active military members can purchase and refinance homes that don’t have public water. Having a private well does not disqualify you from getting a VA home loan. Mortgage Lenders will require a Va Well Water Test to verify…
Shopping for a home Whether this is your first or tenth home purchase, shopping for a home is an exciting time. It can also be a stressful and lengthy process. This guide can help you stay on track and in…
Ready to purchase your first home? Use this easy-to-follow checklist to navigate the path to home ownership. Determine Your Budget: It’s best to determine how much house you can afford early in the process to avoid falling in love with…
