Yes, it is possible to have two VA loans at the same time.

It’s not often,  but VA borrowers may have the ability to maintain two VA home mortgage loans at the same time. Typically, the scenario involves a VA homeowner who has to relocate but wants to keep and rent out his or her primary residence. To take advantage, the veteran should look into the VA BonusContinue reading “Yes, it is possible to have two VA loans at the same time.”

Have you heard that the “Fed” just raised interest rates—and immediately after, mortgage rates dropped?

Have you heard that the “Fed” just raised interest rates—and immediately after, mortgage rates dropped? Yes, it seems a little crazy, but it’s true. Here’s why: Usually, markets anticipate Fed moves. That’s what happened here. In fact, investors were preparing for worse than the Fed delivered. The mortgage markets initially reacted favorably, and average mortgageContinue reading “Have you heard that the “Fed” just raised interest rates—and immediately after, mortgage rates dropped?”

If you have tax liens civil judgements or no credit at all, July 1 could be a big day for you.

Credit scores for millions of Americans may soon increase due to two major changes in credit scoring. Starting July 1, the three major credit agencies — Experian, Equifax and TransUnion — are dropping certain negative information from credit reports, including tax liens and civil judgments. This forthcoming change comes after FICO’s announcement last year thatContinue reading “If you have tax liens civil judgements or no credit at all, July 1 could be a big day for you.”

Tired of Paying FHA Mortgage Insurance?

Many Maine homeowners ask me how they can remove FHA monthly mortgage insurance premiums with their mortgages. FHA insures mortgages so that lenders will be encouraged to make more mortgages available for people. The FHA mortgage insurance agreement is between FHA and the mortgage company, so you must contact your mortgage company and ask them whatContinue reading “Tired of Paying FHA Mortgage Insurance?”

Here’s a quick way to check out home sales near you.

When you sell or purchase a home, its appraised value is based largely on recent sales of similar properties nearby. Looking at recent sales can help you better understand the value of your own home or one you may someday hope to purchase.   Here’s an online resource that will allow you to check salesContinue reading “Here’s a quick way to check out home sales near you.”

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