For as long as I can remember, FHA loans have played second fiddle to Conventional loans. Conventional loans offer lower mortgage insurance rates, mortgage insurance that gets removed, looser work history and documentation requirements, no funding fee, and less strict property conditions. Clients with solid credit (740+) got a better loan both in the short-term …
If you just closed on your new home, you’ve probably got a lot of things on your mind, like home maintenance, homeowners insurance, and property taxes. You may have an escrow account (also known as an impound account) with your lender that splits up your taxes and homeowners insurance into monthly payments rather than a lump sum. …
What California Homeowners Should Know About Supplemental Tax Bills Read More »