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Home Mortgage TipsHome Mortgage Tips, Mortgage Refinancing, Mortgages

Refinancing on a FHA Mortgage? Learn More About the FHA Streamline Refinance

Home buyers are often drawn to the FHA mortgage program due to the low interest rates, low closing costs and generally attractive loan terms. However, there will come a time when many who have an FHA mortgage want to refinance. After all, refinancing a mortgage may allow you to tap into your home's equity, obtain a lower interest rate, extend or shorten the loan term or achieve other goals you may have. While there are different loan programs that you can use to refinance, many are taking advantage of the FHA streamline refinance program. What Is the Streamline Refinance Program?…

Freelancing in 2015? Three Tips for How to Secure a Mortgage if You’re a Self-Employed Entrepreneur

If you are self-employed, either as a freelancer or as the owner of your own business, your income can fluctuate greatly from year to year. That can make it difficult to get approved for a mortgage, although there are some things you can do to improve your chances. Here are three tips for securing a mortgage if you are self-employed. Make Sure Your Credit Score Is In Good Shape While your ability to pay back a mortgage is the most important factor in approval, your credit score is a close second, and that goes for every borrower, not just those…

Buying a Classic Older Home? Three Upgrades You’ll Need to Make Immediately

While some home buyers only want to live in a brand new home and will custom build a home to their specifications, others are drawn to the historic character and charm of a classic home. Older homes may have incredible architectural detail and special features that you simply do not want to change. These older homes can sometimes be a much better investment than a brand new home. However, there are some essential features that should be upgraded as soon as possible after you take ownership of your classic home. The Electrical Panel Many older homes were built at a…