If you are in the market to buy a home, you might be considering a few different loan options. Have you heard of the FHA Loan Programs? These are an alternative to conventional loans backed by the Federal Housing Administration … 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
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
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
I have already blogged about why you should refinance or buy your new home now in previous articles and blogs. With home values on the way up and interest rates on the way up over the next 12 months, there … Read More
Conventional loans are the gold standard in the mortgage industry. The reason this is so is because every lender views all loans based on risk factors. The purpose of this article is to show you why you would want to … Read More