Paddio Team

Conventional loans are accessible for many homebuyers but often have stricter down payment and credit requirements than government-backed loans.

USDA loans may be confusing to new borrowers looking to purchase a home. Read more to find out if you are eligible for a USDA loan.

Mortgage insurance, also known as MIP or Mortgage Insurance Premium, is an important part of the FHA loan process. In this article, we'll discuss what FHA loan MIP is and how it impacts your monthly mortgage payment.

Prequalification and preapproval are sometimes used interchangeably, but there is a slight difference between the two during the mortgage process.

To get approved for an FHA loan, lenders will look at a borrower’s previous and current employment for the past two years to ensure they have a steady income to repay the loan. It’s important to understand these guidelines and be prepared when applying for an FHA loan.

Refinancing a mortgage can be challenging, especially with all the costs. The RefiNow program makes the process easier and more accessible for lower-income homeowners.

Conventional refinancing may sound intimidating. But once you understand the process, you’ll find that it makes perfect sense and can dramatically improve your personal finances.

Taking advantage of lower interest rates on your FHA home loan is an attractive option to many. The FHA Streamline refinance program makes it easy for homeowners to do so. We’ll cover the basics of the FHA Streamline refinance program and go over common questions that borrowers may have.

An FHA loan refinance can be a great way to change your existing mortgage to meet your current financial goals. Whether you want lower monthly payments, lower interest expenses or cash in your pocket from your home’s equity, there’s an FHA loan refinancing option for you.

Buying a new home is exciting, but applying for a mortgage can feel daunting. This is especially true for new buyers who are experiencing the home loan process for the first time.

Learn the ins and outs of conventional home loans, and how they differ from government-backed mortgages.

Federal Housing Administration (FHA) loans have been helping people purchase homes since 1934. These loans are designed to help first-time homebuyers and those with less-than-ideal finances purchase their primary residence. In addition to having relaxed eligibility requirements, FHA loans also offer competitive rates and low minimum down payments.

VA loans provide a huge benefit to active duty military and Veterans. They are designed to help military members become homeowners, despite the unique challenges that come with deployment, income, or other hurdles.

A VA home loan is a great option if you qualify. They come with attractive benefits like no down payment and no monthly mortgage insurance. Like any mortgage product, VA loans come with closing and settlement costs.

Knowing the pros and cons of the VA loan can help you make the right decision in which loan option is best for you.