For many young people or others with limited resources in terms of down payment, credit history, or other limiting factors an often-overlooked program is the one-hundred percent loan program offered by the United States Department of Agriculture. What follows are … Read More
One of the overlooked benefits that are offered to veterans who have sacrificed their time, energy, and sometimes blood, is the availability of a VA-backed mortgage for the purchase of a home. In this day and age of rising costs … Read More
In last week’s blog I mentioned, albeit briefly, that the fed will be increasing interest rates. These increases are expected within the next 24 hours. Mortgage companies do their best to offer rates that the company and the market can … Read More
Do you have a home picked out? Do you have a contract yet? If the answer is, “No”, to either one of these questions NOW is the time to lock in, find a home, enter into the contract, and close. … Read More
Because there are many mortgage programs available for the average consumer, the choices can be confusing. The loan officer at 7th Level Mortgage will go over the different programs with you. The purpose of this blog is to provide you … Read More
In a previous blog, I announced that 7th Level Mortgage is accepting applications for the FNMA program called Home Ready. The purpose of this blog is to outline the application process in very simple terms and how to qualify for … Read More
For the last two months, I have informed folks that are waiting to decide to refinance their mortgage, combine debt and clear up credit card balances that NOW is the time to refinance. I also know that many people are … Read More
For those of you that are looking to purchase a home with a LOWER (yes LOWER!) down payment then the much-vaunted FHA program, Fannie Mae, beginning January 23, 2022, is offering a low down payment option called Home Ready. 7th … Read More
With the uptick in maximum loan amounts, reverse mortgage limits have also increased. What this means for you is that you can pull out even more ready cash for your needs In this article I am going to provide a … Read More
In the blog post from December 28, 2021, I opined that the time was then to refinance your home so you can have a more comfortable 2022. This morning rates moved up by .25. Every indicator was that rates would … Read More