When is the Best Time to Apply for a Mortgage?
The best time to apply for a mortgage is when you are financially and mentally ready for it. A mortgage is frequently used to realize the dream of home ownership. So, are you excited to make your life's most important purchase decision right now? Stay with us to learn about ...
USDA Home Loan: What Is It?
USDA home loan is a low-interest mortgage and house renovation loan that low-income rural and suburban homeowners can get without a down payment. Issued through the United States Division of Agriculture (USDA), these single-family mortgages are aimed to assist customers with moderate incomes and limited credits (so they access their homes). ...
What is Veterans Affairs or VA loan?
What is a Veterans Affairs loan (VA Loan)? A Veterans Affairs loan (VA Loan) is a type of home mortgage available through the program established by the United States Division of Veterans Affairs (VA) (formerly the Veterans Administration). The VA loans assist veterans, military personnel, and their surviving spouses in ...
Understanding the FNMA Enhancements Letter
FNMA enhancements are what they sound like. FNMA enhancements are a must-discuss topic when it comes to government-backed home refinancing programs. FNMA, also known as Fannie Mae or the Federal National Mortgage Association, is a key player in the secondary mortgage market. That is to say, FNMA is not a ...
Homebuying Myths Debunked
The homebuying process has a track record of being stressful and demanding. In 2019, according to Homes.com, 44% of first-time homebuyers that were interviewed said they felt anxious throughout the entire loan process. Furthermore, many monetary requirements will discourage prospective buyers from getting their first home loan. Despite the stress ...
What is the new home guarantee program?
What is the new home guarantee program? This program was announced in the 2021-21 Federal Budget Plan and is designed specifically for first-time homebuyers to purchase property with 5% deposits. The government has allocated 10,000 new residences through the First House Loan Deposit Scheme (FHLDS) to guarantee new homes. These ...
