Blog Archives

Home Equity Conversion Mortgage (HECM)

Home Equity Conversion Mortgage (HECM)

In recent economic times, exotic home loan products have become increasingly more common.  As there are shifts in the economy, certain home loan products start to become more popular.  One of these products in particular caters to a certain niche in the market and has been found throughout the state of Florida.  This would be because of who qualifies for this type of home loan.  This home loan product is called a Home Equity Conversion Mortgage. Read the rest of this entry

When can you cancel Mortgage Insurance?

When can you cancel Mortgage Insurance?

Starting on June 3 of this year the Federal Housing Administration’s new policy on mortgage insurance premiums (MIP) went into effect.  See how and when you can cancel mortgage insurance. Read the rest of this entry

Home Loan Programs Part II

Home Loan Programs Part II

Last week I discussed the importance of being informed on what loan programs there are available when shopping for a home loan.  This is so that you can be best aligned with the right program for your circumstances.  This week I am going to continue that discussion and talk about a few non-conventional programs.  Below are just some of the non-conventional programs that are available to consumers. Read the rest of this entry

Home Loan Programs Part I

Home Loan Programs Part I

When shopping for a home loan it can be challenging to understand all the different home loan programs there are to choose from.  Having a thorough understanding to what there is to offer is vital to making sure that you are aligned with the best program for your circumstances.  Below are just some of the conventional conforming and non-conforming programs that are available to consumers.  Read the rest of this entry

Mortgage Terms & Definitions Part II

Mortgage Terms & Definitions Part II

As mentioned in last weeks blog, understanding certain mortgage terms can be very important and beneficial when entering in the process of getting a home mortgage.  So this week I will expand further into essential requisites that everyone needs to know from day one. Read the rest of this entry