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If you're looking for an FHA loan, you might wonder if there are any myths surrounding these loans that you should know about. While there are misconceptions about FHA loans in Utah, the fact is that they can be an excellent option for those who may not otherwise...

The FHA's 203(k) loan program allows borrowers to finance the cost of home improvement projects through their mortgage. This can be a great way to make much-needed repairs or renovations to your home without having to come up with all the cash upfront.  However, some...

Renovating your kitchen is a great way to improve your home’s value and get more out of your investment. Kitchen remodeling projects can increase the value of your home, so you could get even more back when you sell or refinance. When remodeling any part of your...

Having your own home is beneficial because you have a permanent address. However, you need to purchase a house first, which can be tedious because it's costly. You need a good credit history and money, and finding the right home takes time. Not all people can afford...

A loan is considered a “jumbo” if it exceeds the federal mortgage limit. What a jumbo loan would be for each individual depends on where they live and what their financial situation is. Typically, jumbo loans are for those who want to purchase more high-end and...

The land is a profitable investment because it does not depreciate. If you develop such property by building your house, your ROI will be more significant. However, many of us are unaware that we can start reaping such rewards even before selling our property.  You...

The COVID-19 epidemic persists, and interest rates are near record lows. As a result of these conditions, homeowners across the nation are contacting local mortgage lenders to enquire about refinancing. Thus, choosing the length of their new loan is a significant...

A VA loan is available through the US Department of Veterans Affairs for qualifying veterans and their families. The loan can help you get started on your way to owning a home. However, many misconceptions about it leave so many people confused. In this post, we will...

Many miss out on the opportunity of buying their dream homes because they do not qualify for conventional mortgages. If you are one of them, there is no need to fret because you can avail of FHA loans.  With FHA loans, homeownership is possible for more people. When...

Did you know that you need a good DTI of 36% to get approved for a mortgage? This ratio is used to determine your eligibility for a mortgage, and lenders evaluate your DTI when making a decision on your loan. Some mortgage approval programs, and some loan programs,...