Archive for June, 2019

A Guide to Cash-Out Refi

June 25th, 2019 by bmecker

What is a Cash-Out Refinance? A cash-out refinance is one way to tap into the equity you have built in your home. Cash-out refinancing lets you refinance your current mortgage, borrow more than you owe, and then keep the difference in cash.  For example, if you owe $100,000 on your home and had a low […]

What is an FHA Loan?

June 17th, 2019 by bmecker

An FHA loan is a government-backed mortgage insured by the Federal Housing Administration. The loan is popular with first-time homebuyers because they typically require lower minimum credit scores and down payments than many conventional loans. You can qualify for an FHA loan with a credit score as low as 500 with 10 percent down. To […]

Loan Estimates

June 10th, 2019 by bmecker

As you are shopping for a house, you’ve probably spent some time looking at rates or getting quotes from lenders. While this may give you a general idea of your options, it’s not always accurate. Instead, trying getting a Loan Estimate.   The Consumer Financial Protection Bureau created a standardized form in 2015 known as […]

It can be intimidating and even a little confusing to start the homebuying process when you’re self employed. If you are feeling this way and wondering how you will be able to finance a house while being self employed, you aren’t the only one feeling this way, and we want you know that we are […]