What Is a Loan Modification And How Does It Work In 2020

If you are falling behind your mortgage payments or can’t afford your current mortgage for personal reasons you have two main options. Apart from foreclosure and bankruptcy, you can do a loan modification or a refinance. A loan modification is a change in loan terms on the current mortgage you…

Mortgage Pre-Approval Process For New Home Buyers

When shopping for a new home many sellers would want a buyer to have a mortgage pre-approval before even negotiating on the property. What is a pre-approval letter and what is the process to get one? A pre-approval is a letter from the lender saying this person given all the…

What Is A Good Credit Score For A Mortgage In 2020

So you might be in the process of buying a new house and your thinking to yourself “what is a good credit score for a mortgage?”. Credit scores are a huge part of being a consumer in America, especially when dealing with financing. Whether you’re buying a new car or…

Home Value Appraiser

Find Homes MJS Here is a tool you can use to find an estimated apprised value through Zillow. If you know the exact address type the address into the Locations sections. Enter with city state and zip code. For example 2058 NW 52nd St, Boca Raton, FL, 33496

Conventional Loan

A Conventional loan is a loan that is not backed by any government entity but instead available through banks, lenders, mortgage companies, and credit unions, unlike FHA loans. The majority of conventional loans due follow government guidelines so they can easily be guaranteed by a government-sponsored enterprise. The two government-sponsored…

FHA Loans

FHA loans are federally backed loans by the Federal Housing Administration (FHA) a division of the U.S. Department of Housing and Urban Development (HUD) unlike conventional loans. FHA loans are primarily used for single-family or multi-family homes. FHA loans can only be done by approved lenders and have strict guidelines…