Differences Between Cash-Out and IRRRL Refinances
04-19-2022 • MHS Lending
Millions of homeowners in the US refinance their mortgages every year. 2021 was one of the most historic years where more people than ever before took advantage of historically low interest rates and high house appreciation and refinanced their homes.. . .
What Determines Interest Rates?
04-12-2022 • MHS Lending
Interest is the price you pay to borrow money and interest rates are a certain percentage of the total loan amount that is paid back to the lender. These rates can affect the affordability of a home as the lower. . .
What Are Minimum Property Requirements?
04-04-2022 • MHS Lending
VA Home Loans are powerful loans available exclusively for those who have served or are actively serving in the US military. Because these loans are backed by the Department of Veterans Affairs, the government has established Minimum Property Requirements (MPRs). . .
Interest Rates Explained: Fixed vs. Adjustable
03-29-2022 • MHS Lending
When you buy a home using a home loan product, you’ll need to work with a bank or lender to finance your purchase. In order to loan you the money, your bank or lender will charge you a percentage of. . .
FHA Loans vs. VA Loans
02-28-2022 • MHS Lending
When starting your home buying journey, it’s vital that you understand the best options out there regarding loan products. This is especially important because this is often the biggest purchase you’ve made to date and is a major commitment. Choosing. . .
Navigating the VA Construction Loan
02-18-2022 • MHS Lending
The real estate market is booming right now and with limited inventory, a lot of buyers are looking for other options to buy their dream home. Some people are looking for existing homes that they can renovate while others are. . .
VA Jumbo Loans Compared to Regular Jumbo Loans
02-08-2022 • MHS Lending
When you make the decision to buy a home, you are likely committing to the most expensive purchase you’ve made to date and it’s important that you feel confident about your decision. While saving up for a significant down payment. . .
How Does the VA Renovation Loan Work?
02-01-2022 • MHS Lending
The VA Loan products are some of the most powerful tools when it comes to buying a home. Because they are available exclusively to military families and veterans and offer unparalleled benefits, taking advantage of the VA Loan can make. . .
Conventional Loans vs. VA Loans
12-20-2021 • MHS Lending
A mortgage is a loan given to a homebuyer through a bank or lender to purchase a home, and the repayment terms of most home loans are typically between 15 and 30 years. While there are many different types of. . .
What Goes into Your Monthly Mortgage Payment?
12-09-2021 • MHS Lending
Buying a house is one of the biggest financial commitments you’ll make in life. While many people only consider the total sale price of a house to determine if it’s within budget, it’s also important to think about what the. . .