Principal Reduction
What is a Principal Reduction? A principal reduction happens in some unique situations where there is too much credit. If …
FHA Self Sufficiency Rule
What is the FHA Self Sufficiency Rule? The FHA Self Sufficiency Rule applies to FHA borrowers looking to finance a …
Buying Multifamily Housing with Low Down Payment
Is Multifamily Housing Right For You? We are constantly told that investing in real estate can help build long term …
How a 19.99% Down Payment Could Be Better than 20%
Down Payment Most everyone has heard at some point that if you’re buying a home, you should put 20% down. …
How to Get Your Offer Accepted
So You Put In an Offer On a Home The market is extremely hot right now, with lots of potential …
How Are Mortgage Rates Determined?
First, What is a Rate? When we say “Rate,” what we actually mean is “Interest Rate.” Simply, this is the cost …
Loan Options from Modern Home Lending
What Loan programs do we offer? Loan programs are always changing. However, most of the core loan programs stay the …
Loan Process Overview
1 – Application (before shopping) The first step of the loan process is to help you get pre-qualified. The application …
FHA vs Conventional Loans – What’s the Difference?
FHA vs Conventional Loans – What’s the Difference? This feels like the age old question in the mortgage industry …
The Difference Between APR & Interest Rate
The Difference between APR and Interest Rate Interest rate is the monthly rate that you pay on your remaining balance …