obtaining a home loan

what is the mortgage rate now FinanceBC.ca Introduces Mortgage Rate Lists – sbwire.com – Thankfully now FinanceBC.ca has made things easier for them by listing them in one convenient location.. The online resource also offers them information about fixed rate and variable rate mortgage.what does veteran’s basic entitlement mean Making Sense of Your VA Loan Entitlement | Military.com – Basic entitlement and bonus entitlement together are enough for a VA loan of $417,000 or more. When added to basic entitlement, bonus entitlement gives eligible veterans enough VA backing for a loan of up to $417,000, or more in high-cost areas.

Is There an Age Limit on Getting a Mortgage? by Don Rafner . As long as you are 18 or older, your age won’t lower your chances of qualifying for a mortgage loan. Mortgage lenders are not allowed to use age as a reason to deny your request for a mortgage loan, whether you are 60, 70, 80 or 90.

There are plenty of requirements you must meet when applying for a new mortgage or when you plan to refinance your existing loan. Lenders will look at your debt levels, income and credit score. Lenders will look at your debt levels, income and credit score.

 · If you get a federal housing administration (FHA) loan, your mortgage insurance premiums are paid to the Federal Housing Administration (FHA). FHA mortgage insurance is required for all FHA loans. It costs the same no matter your credit score, with only a slight increase in price for down payments less than five percent.

Have you applied for a mortgage loan lately? If so, did your lender ask if you’d like to pay discount points? paying points? Who likes to pay? Well, you might if you’re convinced that you’ll receive.

Getting a loan for a manufactured home is different than getting a traditional home loan. Not all manufactured housing is considered real estate, which is required to qualify for a traditional.

 · Running a small business and obtaining a real estate mortgage are two areas that, when blended, create their own unique challenges. As a national mortgage professional with nearly 30 years in the industry, I’ve helped many borrowers navigate these challenges and.

what is a hud 1 form used for What is a hud-1 settlement statement? – In transactions that do not include a seller, such as a refinance loan, the settlement agent may use the shortened HUD-1A form. If you applied for a mortgage after October 3, 2015, for most kinds of mortgage loans you receive a form called the Closing Disclosure instead of a HUD-1.

Mortgage points are a fee you can pay at the start of the mortgage to lower your interest rate for the duration of your fixed-rate mortgage. Each point costs 1% of your total loan amount. The interest rate reduction depends on the lender, but it is common to lower your interest rate by 0.25% in exchange for every point purchased.

In today’s market, expect your mortgage lender to require at least a 10 percent down payment unless you’re getting an FHA loan or another special program loan. If you have it, consider putting 20 percent down to avoid private mortgage insurance (PMI) -costly insurance that protects your mortgage lender should you foreclose prior to building sufficient equity in the property.