Blog - Page 2 of 4 - Modern Home Lending

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. …

So you put in an offer on a home The market is extremely hot right now, with lots of potential …

First, What is a rate? When we say “Rate,” what we actually mean is “Interest Rate.” Simply, this is the cost …

What Loan programs do we offer? Loan programs are always changing. However, most of the core loan programs stay the …

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? This feels like the age old question in the mortgage industry especially …

The Difference between APR and Interest Rate Interest rate is the monthly rate that you pay on your remaining balance …

What is HomeReady® and HomePossible®? HomeReady® and HomePossible® are two versions of conventional mortgage programs. Both programs aim to serve …

10 Rate Lock Questions Explained What is a rate lock? A rate lock occurs at some point during the loan …

When are Taxes Due in Arizona? And When are they Paid? Property taxes in Arizona are due twice a year …