Mortgages are complicated. And yet they are markedly more straightforward than anytime in the last 10 years. This is good.
The misleading, stated-income, stated-asset, option-ARM, prepayment penalty balloon loan is long gone; likely forever. What's
left are cookie cutter home loans (FHA, VA, 30 and 15 year fixed), only the same cookie cutter might cut a dozen differently
shaped cookies. While the myriad of available financing options has dwindled to behemoth backed institutional mortgages, the
remaining loan programs offer homebuyers fair and responsible methods for buying a home.
This space provides answers, advice, market conditions, loan program updates, and much more. Additionally, questions received regarding scenarios and circumstance will provide the majority of post topics.
Next: FHA vs Conventional Loan
*Every effort is made to post valid, up to date information. Mortgage guidelines and programs
constantly change. Therefore, the content of each post should be viewed and used as a starting point.
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Data provided by Informa Research Services.
Payments do not include amounts for taxes and insurance premiums.
The actual payment obligation will be greater if taxes and insurance are included.
for more information on rates and product details.