Buying a home is a huge decision, and picking the right mortgage is a huge part of that process! Here's why the 15-year fixed-rate mortgage might be one of your best options when it comes to buying a house. Ramsey Solutions Home Buying ...
VA loans don’t require a down payment in most cases, nor mortgage insurance. Unlike conventional loans, however, they can’t be used for an investment property or second or vacation home — only primary residences. They also charge a funding fee. Conventional vs. USDA loans: USDA loans, ...
You can, however, fold the fee into the loan and pay it off over time (as long as you don’t push the total over your entitlement). One way to look at the funding fee is that, instead of paying your PMI every month for years, you only need to pay this funding fee once. There...
This process could be a turnoff for customers who prefer to shop rates and terms before speaking with someone. However, most lenders require borrowers to work with a loan officer at some point. So, based on the positive feedback that appears online, it may be worthwhile to speak with a Ci...