Category: Mortgages

What Are Appraisal Requirements for a Conventional Loan?

Written by Jason Nelson on April 18, 2015
Florida home

Before a lender offers terms for a conventional loan, an appraiser must evaluate the home’s market value. This protects the lending institution from making a loan that exceeds the value of the property, putting depositor and investor money at risk. Though there are three models for determining the appraised value of a home, the standard […]

How to Easily Refinance a Conventional Loan

Written by Jason Nelson on April 5, 2015
conventional loan

Home refinancing offers homeowners a reward for timely payments and an improved financial situation by allowing them to restructure their mortgage with lower rates and payments. The process to refinance FHA or VA loans into a conventional loan may seem daunting at first, but with expert advice, and the proper paperwork, it’s easier than most […]

A 30 Year Fixed Rate Mortgage Is Too Expensive? Alternatives..

Written by Jason Nelson on March 19, 2015

The most common type of mortgage granted is the 30 year fixed rate mortgage (Choosing the right Mortgage – Freddie Mac). However, some home buyers may consider this option too expensive for their situation and may choose an alternative option. Some alternatives include: A 15 year fixed rate mortgage is often considered the next best option to 30 […]

How to Turn Your 30-Year Fixed-Rate Mortgage Into a 15-Year

Written by Jason Nelson on March 2, 2015

By: Sky Slicer A lower interest rate, the desire to consolidate debt, the chance to tap a home’s equity to make a large purchase, and the opportunity to switch from a fixed- to an adjustable-rate mortgage are just a few reasons why a homeowner would want to pay off a 30 year fixed rate mortgage […]

30 Year Fixed Rate Mortgage Going Up Or Down?

Written by Jason Nelson on February 20, 2015
mortgage magnets

By: Rental Realities There has been much buzz about how low mortgage rates have been the last couple of years. Many are wondering “How low can they go?” and how long rates will remain low. In January, the 30 year fixed rate mortgage reached the lowest APR since April 2013. While rates for 30 year […]