FHA Stream lines
Updated Oct. 9, 2013
NO COST NO APPRAISAL STREAMLINES!This could save you up to $100-300 amonth on your current FHA loan. For those who do have an FHA home loan, the other requirements for FHA Streamline include: Being current on the existing loan with all mortgage payments made on time for the last year.You must own the original...

Closing Cost
Updated Oct. 9, 2013
Here's an example of what you can expect to pay (some costs vary widely from state to state, so you should determine exactly what you will have to pay) : Discount and Origination Points: Points are equal to a percent of the loan amount. 1.75 points is equal to 1.75% of the loan amount. Discount points represent...

When Buying
Updated Oct. 9, 2013
1. Don't buy if you can't stay put.If you can't commit to remaining in one place for at least a few years, then owning is probably not for you, at least not yet. With the transaction costs of buying and selling a home, you may end up losing money if you sell any sooner - even in a rising market. When prices...

Brokers VS Banks
Updated Oct. 9, 2013
When you're looking to get a mortgage loan, you may work with a loan officer or you may choose to work with a mortgage lender/broker. People often confuse the two job types even though both will glean the same results: a new home. However, it is important to understand the difference between the two types of...