Mortgage Archives - Lending A Hand

The 6 Best No & Low Down Payment Mortgage Options

Post published:21 July, 2022
Post category:Buy Buying Myths Conventional Down Payment Down Payments FHA For Buyers USDA VA

One of the most common misconceptions about buying a home is that you need at least 20% down payment. You'll soon realize that you do not need 20% down and,…

10 Reasons CHFA FirstStep is Perfect for Colorado First Time Home Buyers

Post published:18 July, 2022
Post category:Down Payment Down Payment & Closing Costs Down Payment Assistance Down Payments FHA First Time Home Buyers For Buyers Home Buyers

Unfortunately, many would-be first time home buyers delay their home purchase longer than necessary to save enough money for down payment.According to the National Association of Realtors (NAR), "one of…

Are you eligible to stop paying monthly mortgage insurance?

Post published:21 June, 2022
Post category:Conventional FHA Home Ownership Mortgage Insurance USDA VA

When you buy or refinance a home with a mortgage that exceeds 80% of the value of the home mortgage insurance is normally required. Mortgage insurance, or MI, provides you…

The Cost of FHA Monthly Mortgage Insurance (MIP)

Post published:21 April, 2021
Post category:Buy Buying & Selling FHA For Buyers Mortgage Insurance YouTube

When you get an FHA loan you are required to pay mortgage insurance. There is an up-front mortgage insurance premium (UFMIP) and a monthly mortgage insurance (MIP) too. Today, we're…

Bad credit, but want to buy a home? [HOME LOAN RULES]

Post published:21 October, 2020
Post category:Buy Buying Myths Credit & Debts FHA For Buyers Home Buyers YouTube

Can you buy a home with bad credit? Well, it depends on what you consider to be "bad" but what I can tell you is that you don't need "great"…

Why I Like FHA Monthly Mortgage Insurance [FHA MIP EXPLAINED]

Post published:17 October, 2020
Post category:Credit & Debts FHA For Buyers Home Buyers YouTube

Mortgage insurance gets a bad rap, but I like it, especially FHA's monthly mortgage insurance. Not because it benefits me somehow but because it's good for my clients. I explain…

Buy a House the Dave Ramsey Way or Now? [15 year comparison]

Post published:10 October, 2020
Post category:Buy Conventional FHA For Buyers Home Buyers Rent vs. Buy YouTube

Dave Ramsey suggests you continue to rent instead of buying a house until you are "ready" according to Dave's "perfect" plan. Even though I am a fan of Dave Ramsey's…

Should You Escrow? It Depends! [Escrow Accounts EXPLAINED]

Post published:7 October, 2020
Post category:Closing Costs Conventional For Buyers For Sellers Refi YouTube

Should you escrow your taxes and insurance as a part of your mortgage payment? It depends, and I’ll explain why in this video, Escrow Accounts Explained! When deciding whether to…

FHA Loan Requirements 2020…SIMPLIFIED! [Top 7 Rules You Need to Know]

Post published:29 September, 2020
Post category:FHA Qualifying YouTube

FHA is a great loan option to consider when purchasing a home so it is important to know what the FHA loan requirements are to see if it is the…

3 Conventional Loans for First Time Home Buyers

Post published:17 September, 2020
Post category:Buy Conventional Down Payment First Time Home Buyers For Buyers Mortgage Insurance YouTube

Conventional is great for those with a 20% down payment but what about First Time Home Buyers who don’t have 20% to put down? Here are 3 Conventional loan programs…