EDUCATION
Clear, practical education on home-buying, refinancing, credit, and understanding the mortgage process — explained simply.
Latest Posts
Short, practical insights on mortgages, real estate, and financing.
-
Why 15 Year Mortgages Often Have Lower Interest Rates
Many homebuyers automatically think of a 30 year mortgage, but a 15 year mortgage can offer an important advantage — a lower interest rate. Lenders often offer lower rates on 15 year loans because the loan is paid off faster. A shorter repayment period means less time for risk, which is why the rate is…
-
FHA Appraisal Rule Update: How an Existing FHA Appraisal Can Save Buyers Time and Money
If you’re buying a home using an FHA loan, there’s an important rule that can help streamline the process and potentially save both time and money. Many buyers and even some agents are surprised to learn that an FHA appraisal stays with the property—not the buyer. That means a new buyer may be able to…
-
FHA Multi-Family Loans: Understanding the 75% Self-Sufficiency Test
If you’re thinking about buying a multi-family property using an FHA loan, there’s one guideline that can play a big role in your approval—especially for 3–4 unit properties. It’s called the 75% self-sufficiency test. What Is the 75% Self-Sufficiency Test? For FHA purchases of 3–4 unit properties, lenders are required to evaluate whether the property…