On October 2, 2017, major changes to the reverse mortgage program came down the pike. Here’s what you need to know. What is it? HECM, or Home Equity Conversion Mortgage, also known as a reverse mortgage, underwent some changes this year as the MBA (Mortgage...
Is a 90% loan to value jumbo loan right for you? If you are in the market for a home that is above $700,000 purchase price, a traditional loan might not be the best option. In this case, a jumbo loan is really what you want. Jumbo loans don’t fall into the same...
The HERO Program is a Property Assessed Clean Energy Program provided by the Federal Government to provide financing for energy-efficient, water efficient, and renewable energy products to home and businesses in approved communities, specifically in California. This...
Anyone that has chosen to serve the USA through military services both presently and in the past is usually eligible for a VA loan. This loan is backed by the Veterans Affairs and is specifically reserved for those that have actively served. THANK YOU, BY THE WAY!!...
Tiny houses are all the craze right now. You see shows about it, and many people are downsizing in order to spend their money where they really want instead of in a mortgage. But many people still need financing. While there are many ways to get financing, from...
The FHA (Federal Housing Administration) made some serious changes that went into effect October 4, 2016. These new rules will affect borrowers by potentially saving them thousands but there are some downsides to the new rules. Borrowers are likely to save thousands...