Recent Articles
Feb
27
2023
27
2023
Reverse Mortgage FAQ - Lakewood WA Reverse Mortgage
Q: What is a Reverse Mortgage Loan? A: A Reverse Mortgage Loan is a type of loan that allows homeowners who are 62 years old or older to access the equity in their homes. Unlike traditional mortgages, the borrower does not make monthly payments to the lender. Instead, the loan balance...
Q: What is a Reverse Mortgage Loan? A: A Reverse Mortgage Loan is a type of loan that allows homeowners who are 62 years old or older to access the equity in their homes. Unlike traditional mortgages, the borrower does not make monthly payments to the lender. Instead, the loan balance...
Feb
24
2023
24
2023
What is an FHA Loan
An FHA loan is a mortgage that is insured by the Federal Housing Administration (FHA). It is designed to help homebuyers with lower credit scores or smaller down payments to purchase a home. FHA loans are issued by private lenders, such as banks and credit unions, but they are backed by the...
An FHA loan is a mortgage that is insured by the Federal Housing Administration (FHA). It is designed to help homebuyers with lower credit scores or smaller down payments to purchase a home. FHA loans are issued by private lenders, such as banks and credit unions, but they are backed by the...
Feb
24
2023
24
2023
how to find the best mortgage program when shopping for a home loan
Here are some tips on how to find the best mortgage program when shopping for a home loan: Check your credit score: Your credit score is a key factor in determining your eligibility for a mortgage and the interest rate you'll receive. Check your credit score and report to make sure they...
Here are some tips on how to find the best mortgage program when shopping for a home loan: Check your credit score: Your credit score is a key factor in determining your eligibility for a mortgage and the interest rate you'll receive. Check your credit score and report to make sure they...
Feb
22
2023
22
2023
Homebuying Help: How Downpayment Assistance Programs Work
If lack of downpayment or funds for closing costs are the main hurdle to buying a home, a state or local downpayment assistance program may be the answer! Most states, counties, and cities offer assistance in the form of grants or no-interest loans to help home shoppers pay for these costs...
If lack of downpayment or funds for closing costs are the main hurdle to buying a home, a state or local downpayment assistance program may be the answer! Most states, counties, and cities offer assistance in the form of grants or no-interest loans to help home shoppers pay for these costs...
Feb
15
2023
15
2023
What's the Max Debt-to-Income (DTI) Ratio for a Mortgage?
Debt-to-income (DTI) ratio determines what mortgage you’re eligible for. So before getting pre-approved, your mortgage advisor will review your income and debts to help you understand where you currently stand. In this article, we’re going to look at what a...
Debt-to-income (DTI) ratio determines what mortgage you’re eligible for. So before getting pre-approved, your mortgage advisor will review your income and debts to help you understand where you currently stand. In this article, we’re going to look at what a...