refinance in Illinois
Refinance in Illinois – how to get approved?
Thinking about applying for a refinance in Illinois? Most people looking for refinancing would go for the 15-year mortgage rates as this has a shorter loan term, thus saving you…
Purchase money mortgage – what is it?
A purchase-money mortgage transaction happens when the home seller issues a mortgage to the borrower, especially when the borrower does not qualify for a mortgage through the usual means. When…
Latest VA mortgage rates for 2022
You are wondering what the latest average of the VA mortgage rates for 2022 is. The national standard will help you determine if now is the best time to apply…
Current mortgage rates in Chicago; is now the right time to buy?
Current mortgage rates in Chicago differ between lenders as they consider their rates depending on the borrower's capacity to pay. For a 30-year fixed loan, rates average at 6.24%, and…
Closing Costs in Texas Simplified
Closing costs in Texas can be challenging for some because they think preparing a down payment is enough to own a home. It would be best if you prepared for…
mortgage rates Florida
Current mortgage rates in Florida? Here’s the updated rates
As of this writing, mortgage rates in Florida are pegged at 4.85% for a 15-year fixed loan. For a 30-year fixed loan, it is pegged at 5.54%, and for a…
What’s the difference between refinance and home equity loan?
Are you trying to understand the difference between refinancing and a home equity loan? If you are looking for cash for emergencies, house repairs, or for whatever reason you need…
Jumbo mortgage loan – How it works
Jumbo mortgage loan, what is it? How is it different from the usual conventional loan? A jumbo mortgage loan has higher limits and is more complicated to close than a…
Pondering on FHA country loan limits? See how this benefits you!
If you are thinking about the FHA country loan limits for this year, then you are on the right track! A new and increased limit for most single-family homes is…
Excited to apply? Here are the FHA loan requirements you need to know
FHA loan requirements aren't that difficult to obtain if you are interested in getting a home mortgage. The government insures an FHA (Federal Housing Administration) loan. Because of that guarantee,…