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First Time Buyer

Laura Insley's picture

FHA Mortgage Loan Fee Cut Halted By Trump Administration

With 2017 barely underway, we are already seeing the effects of government changes on the real estate market! As one of his first actions as president, Donald Trump has suspended the fee cut on Federal Housing Administration (FHA) mortgage loans. The premium reduction was one of the last efforts of the Obama administration, which would have taken effect on January 27th. Borrowers pay this annual premium when they take out a home loan backed by the government.

Laura Insley's picture

Finding The Right Neighborhood

The holiday season is such a wonderful time. Whether you’re celebrating Christmas, Hanukkah, or Kwanzaa, it’s the perfect time of year to make plans with your friends and family. Coincidentally, it’s also the best time to do some undercover neighborhood research if you’re thinking about relocating! In the days following Thanksgiving, you’ll find households swapping out their yellows and oranges for reds, greens, and blues.

Laura Insley's picture

Tips For Purchasing Your First Home

Owning a home comes with a great deal of responsibilities. It is important that you plan ahead in order to ready yourself for what’s to come. The buying process, itself, can be incredibly overwhelming, especially for a first-time buyer. Our real estate experts, Lorraine Thielen and Linda Hahn, have put together a few tips in order to help ease the process.

Lisa Lyons's picture

15-Year Loan Over a 30-Year Loan

Should You Choose a 15-Year Loan Over a 30-Year Loan?

A 15-year mortgage can be a smart choice for households in housing markets where price increases have been modest, but a tougher call for households in hotter markets.

A traditional 30-year mortgage allows homebuyers to purchase 46% more house, but a 15-year mortgage provides triple the paid equity in just 5 years.

Do the advantages of a 15-year mortgage outweigh the costs? Sometimes yes, sometimes no.

Lisa Lyons's picture

Buying a House is Like Seeking Your Soulmate

Buying a home is much more complicated than we think. Many times finding the ideal place to live is like searching for your soulmate: you have a list of qualities you want, deal breakers that are non-negotiable and angst/anticipation of who will turn up in your online searches. Sometime it will be a perfect match; other times you'll feel you are ‘looking for love in all the wrong places.’

So why not approach finding the perfect home for you in the same way? Granted there are not “dating sites” for homebuyers, but with a little ingenuity you can make the process just as easy.

Mariel Martinez's picture

Fannie Mae Seller and Servicer

Americash Mortgage Loans recommends several programs for first time home buyers, including Fannie Mae. Fannie Mae has been around for years as a means to helping and assisting homebuyers with mortgage-backed securities in such a way as to make the home buying process significantly easier, and more straightforward. Many homebuyers all around the country have used Fannie Mae in this manner in order to get the most out of their home buying ideals and their finances, and worked to secure strong and competitive mortgage rates in doing so.

Mariel Martinez's picture

Buying Versus Renting

first time home buyer

 
The buying versus renting conundrum used to be one easily sifted through. In decades past the answer was fairly clear and most people never gave the idea a second thought; if you could afford to buy a home and had solid income and enough credit, the option to buy was the way to go. Fast forward a couple decades, and suddenly, the American dream of owning a home with the white picket fence has become complex. Surprisingly, more people now choose to rent and opt not to buy. Naturally there are pros and cons to both, but some of the logic may surprise you.
 

Mariel Martinez's picture

Renting vs Buying

Trying to decide if you are ready to buy a new home or if you are happy being a renter?  Check out our latest infographic and see which profile fits you best.

admin's picture

Fact or Fiction

As Halloween fast approaches, why not get in the holiday spirit and take a little time to discuss facts vs. fiction in the mortgage industry.  With so many different rules and regulations it can be a bit daunting trying to figure what should be a concern and what is just a mortgage myth.
We will break down a few of the more confusing mortgage topics and make sure you are making the right decisions on the issues that matter most.
Fiction:  Shopping around to different mortgage companies will lower my credit score.

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