In the noble pursuit of saving lives and promoting health, physicians often face unique financial challenges, especially when it comes to homeownership. Long educational paths and substantial student debt can make the journey to buying a home seem daunting for many...
FHA streamline refinance refers to a mortgage refinancing program backed by the Federal Housing Administration (FHA). "Streamline" refers to the reduced documentation and underwriting requirements. An FHA streamline refinance loan requires less credit documentation...
Are you ready to buy a house? Congratulations! Now, it's time to start looking at mortgages. Chances are, your mortgage will be the most significant loan you get in your lifetime. That's why it's so important to understand your best options. Homebuyers searching for...
If you have excellent credit and an FHA loan, you may be spending more on your mortgage than you have to. A good credit score can not only impact whether you’ll be approved for a mortgage, but it can also affect how much you’ll have to pay. 2020 saw more...
If you currently have a mortgage backed by the Federal Housing Administration (FHA), you might be curious about why everyone is suddenly talking about refinancing. If you are interested in learning more about whether you can or should refinance your FHA loan (the...
If you currently have an FHA mortgage, a mortgage loan backed by the Federal Housing Administration (FHA), you might be able to replace it with a new mortgage and a lower interest rate. It seems like everywhere you turn, people are taking a new interest in mortgage...
If you’ve been looking into refinancing, you may be worried about how much paperwork will be involved. You likely remember meeting several requirements to get your current mortgage. These same requirements can come with a refinance loan, but not in all cases....
Mortgage rates have dropped to the lowest they’ve been since 1971. These new low mortgage rates have many homeowners considering refinancing, but you might be wondering if you can refinance with your current credit score. The Federal Housing...
You’ve likely heard that historically low interest rates mean this is a good time to refinance your existing mortgage. If your current mortgage is an FHA loan, you may be eligible for an FHA streamline refinance, depending on your current financial situation. On...
FHA streamline refinance can provide a simple and effective method of reducing the interest rate and monthly mortgage amount for your current FHA mortgage. Refinancing your mortgage simply means replacing your current mortgage loan with a new mortgage — one with...