FHA vs Conventional Mortgages

posted in: Mortgages

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

Home Ready Qualifying Requirements

posted in: Mortgages

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

Home Ready Program for 2022

posted in: Mortgages

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

What Is Mortgage Recasting?

posted in: Mortgages

Buying a house can be one of the most significant purchases that somebody makes in their life. It is a commitment that can last as long as 30 years, so most homeowners have to prepare a long-term plan to pay … Read More

Reverse Mortgage Update for 2022

posted in: Mortgages

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

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