Mortgage Matt's Blog

VA Loans: What are the Big Changes

VA Loans: What are the Big Changes

If you or your spouse has served in the military you’ll benefit a lot from this article as we go on to discuss the big changes to VA Loans this 2020. In a nutshell, we’re looking at higher borrowing power and increased fees for active members of the service and...

2020 FHA Home Loan and Streamline Guide

2020 FHA Home Loan and Streamline Guide

A Federal Housing Administration (FHA) loan is designed for low to moderate-income homebuyers and ideal for them due to the low minimum down payment and more lenient credit scores when compared to conventional loans. This is a popular option among first-time...

How Covid-19 Can Affect Your Mortgage

How Covid-19 Can Affect Your Mortgage

If you’re like most Americans, COVID-19 has changed your life in some way. You may be working from home, or have lost some of your income. You might be an essential worker, under more stress at work than ever before. If you have any children, they may be going to...

Tips For Building Equity In Your Home

Tips For Building Equity In Your Home

A home of your own may be the biggest investment you make in your lifetime. After saving up a substantial downpayment, you look for a lender to provide your mortgage and financing. You work hard to earn income to support your household and make your mortgage payments....

Why Loan-To-Value Is Important

Why Loan-To-Value Is Important

Loan to value (LTV) is the difference between the fair market value of the home and the amount of your mortgage, typically when seeking financing, but applies throughout the life of the loan. A mortgage is a secured loan, which means a loan that has collateral...

Mortgage and Financing in 2020

Mortgage and Financing in 2020

If you’re planning to get great financing options for a home loan, let’s cover a few basics to get you sorted out. Though conventional home loans may require you a 20 percent down payment for your new real estate, this doesn’t have to be the case. In fact, the average...

How Does My Debt Impact My Mortgage?

How Does My Debt Impact My Mortgage?

With the U.S. currently in the middle of a student loan debt crisis, it makes sense to be concerned about how your own existing debt will impact your ability to buy a house. According to debt.org, the average student loan debt for 2016 college graduates was $37,172....

How to Choose the Best Mortgage For Your Home

How to Choose the Best Mortgage For Your Home

Whether you're a first-time home buyer or you've purchased other homes in the past, chances are pretty high that you'll need to negotiate a mortgage when it comes time to move. Mortgages can make it far more feasible for the average American to buy a home, but that...

The VA May Owe Disabled Veterans Millions In Home Loan Fee Refunds

The VA May Owe Disabled Veterans Millions In Home Loan Fee Refunds

Over 50,000 veterans with disabilities could be owed up to $190 million in refunds from the Department of Veterans Affairs, an investigation has found. The refunds are for VA home loan fees that veterans no longer owe or were wrongly charged for. According to an...

How Conventional Loans and Refinancing Work

How Conventional Loans and Refinancing Work

According to the Home Buyer and Seller Generational Trends report, more than half of all home buyers -- 59% to be exact -- chose conventional mortgages when they needed home loans. Many of those homeowners will refinance their conventional loans at some point, as...

What Causes Home Prices to Fluctuate In California

What Causes Home Prices to Fluctuate In California

If you’re wondering why California home prices fluctuate, there are a number of factors to consider. You may hear that there is a buyer’s market and a seller’s market. When home prices are lower, it is a buyers market; when they are higher, it is a seller’s market.

Lowering Costs For First Time Homebuyers

Lowering Costs For First Time Homebuyers

Buying a home is a momentous milestone that may seem out of reach based on your financial situation. However, an FHA loan can help manage the cost. So, how can FHA loans impact the cost of a home?

4 First-Time Home Buyer Grants and Programs

4 First-Time Home Buyer Grants and Programs

Financing your home purchase as a first-time buyer can be intimidating, especially if you've been having trouble saving up for a down payment. However, there are a variety of FHA loan programs and grants available to first-time homebuyers that make purchasing your...

Mortgage Rates Are Falling — Should You Refinance?

Mortgage Rates Are Falling — Should You Refinance?

June has been an exciting month for home buyers and homeowners. The average rate on a 30-year mortgage has dropped from 4.23% on May 21 to 3.94% as of June 17; that comes out to a savings of around $270 per year for those homeowners interested in refinancing their...

Is Refinancing in Redding Right for You?

Is Refinancing in Redding Right for You?

When you do refinancing in Redding, what you're essentially doing is creating a second mortgage on your home to cover your first mortgage. Refinancing is something people do when they are buying out another individual who is on a deed or to get a lower interest rate...

Want To Own A Home By 30? Here’s How Much You Need To Save

Want To Own A Home By 30? Here’s How Much You Need To Save

Born between the mid-1990s and early 2000s, many Americans born into Generation Z have officially hit their early 20s. And if they want to be able to afford a house by the age of 30, they need to start saving now. According to recent data from Realtor.com, Generation...

3 Myths About Mortgage Refinancing, Busted

3 Myths About Mortgage Refinancing, Busted

Refinancing your mortgage is a scary prospect. After all, you most likely already spent thousands of dollars paying off the mortgage loans you have now. But sometimes, conventional mortgage refinancing is the best way to reduce your home loan rate of interest and save money.