Mortgage and Refinance Archives

Home Loans for People Who Filed Bankruptcy | 6 Ways to Improve Finances

November 14, 2023 / in Mortgage and Refinance / Homes for Heroes

You went through bankruptcy and now are wondering, “Are there home loans for people who filed for bankruptcy?” First, we want to say nice work for taking initiative to check out this post. Second, yes, you can get a mortgage and buy a new home. However, there are certain requirements you need to meet. As you may already know, when you go through a bankruptcy it allows a fresh start, but generally speaking there are consequences you will need to overcome. In this post we look at home loans for people who filed bankruptcy, either Chapter 7 or Chapter 13, along with bankruptcy and buying a house. We also provide 6 ways you can improve your financial standing to help you to get it done.

USDA Loan vs VA Loan | Pros and Cons

October 2, 2023 / in Military / Bob Filipczak

In a discussion of the USDA loan vs VA loan, the VA loan comes out on top if you are talking about money saved and flexibility. Nevertheless, it’s good to know your options, and there may be some cases where the USDA will work better for you. The two programs are from different departments of the federal government and have similar benefits, but the VA is tailored to help veterans and active duty military members in very specific ways. Both the benefits, and the requirements, can help you afford a new home.

VA Loan Appraisal Requirements, Process, Cost and Fees

September 19, 2023September 21, 2023 / in Home Appraisal / Bob Filipczak

VA loan appraisal requirements are not like a lot of the VA requirements you hear about. There’s no getting around this one. The VA loan system won’t give you their blessing for your VA loan mortgage without it. The good news is they have a large network of VA-approved appraisers and one of them will be assigned to your case. You don’t have to do much, but understanding the ins and outs of the appraisal will help you navigate the VA loan process.

Veteran Home Loans | Get More Savings from Homes for Heroes

July 21, 2023July 21, 2023 / in Military / Bob Filipczak

Veteran home loans come in many shapes and sizes, but the one you should really concentrate on is the VA loan system. It can help veterans during various stages of their lives, whether you already own a home or are looking for a new home. The benefits of a VA loan guaranteed mortgage are substantial. Save yourself a lot of money, up front and over the course of your mortgage, by learning the basics of the VA loan system. The time you invest will be more than worth it.

Teacher First Time Home Buyer Programs | Save with Homes for Heroes

June 23, 2023July 28, 2023 / in Mortgage and Refinance / Bob Filipczak

Teacher first time home buyer programs deliver a variety of benefits to educators who are beginning their journey into finding a home. Some deliver financial benefits, some provide rewards, some provide help at different stages and some deliver resources. When you are looking at your first home, the blizzard of details can be daunting, partly because so much of it is new. Don’t let that stop you. Find the professionals and friends who can help you.

Teacher Mortgage Program | Help for Educators Looking to Buy

June 21, 2023July 28, 2023 / in Mortgage and Refinance / Bob Filipczak

A worthwhile teacher mortgage program can help your search for a new home, or your next home, immeasurably. There are a ton of moving parts in a home search – offers, counteroffers, appraisals, inspections, closings – but none is more central than applying for and being approved for…the mortgage. It’s a complicated contract, and it’s a loan you will be living with for a long time. Your monthly mortgage payment will become a central part of your budget, so you want to do it right. Don’t panic. There’s help.

How to Save for a Down Payment | 13 Helpful Saving Tips

June 21, 2023 / in Finance and Credit / Bob Filipczak

Learning how to save for a down payment on a house can seem like a daunting task, especially if you are living paycheck-to-paycheck (and most of us are). However, with the right strategies and discipline, you can make your dream of home ownership a reality. Let’s look at 13 ways that can help you save for a down payment efficiently and effectively. From automating your savings to improving your credit score, we are confident you can do this.

Read More “How to Save for a Down Payment | 13 Helpful Saving Tips”

Pros and Cons of Down Payment Assistance Programs

June 20, 2023 / in Mortgage and Refinance / Bob Filipczak

The pros and cons of down payment assistance fall into two categories: people love them or people like them. As with most financial assistance, there are usually hoops to jump through and requirements you must meet. When you weigh that against the benefits of getting free, or almost free, money for your down payment, you see what we mean.

Recommended Down Payment on a House in the U.S.

June 14, 2023 / in Mortgage and Refinance / Bob Filipczak

The recommended down payment on a house in the U.S. is a hotly debated topic. If you are old school, it’s 20%. If you are a first-home buyer, that’s a rather big hurdle. It makes the prospect of owning a home seem out of reach. There’s good news: there is no one answer to the question of what kind of down payment you need for a house. It all depends. Let’s look at some of the factors that can affect your down payment.

USDA Loan Down Payment | Here’s What You Need to Know

June 13, 2023 / in Mortgage and Refinance / Bob Filipczak

The USDA loan down payment and the USDA loan program, if it fits your situation, is a remarkable opportunity to save a lot of money when purchasing your new home. The initiative comes from the United States Department of Agriculture (USDA), which may seem strange. However, the loan program is designed to promote homeownership in rural areas of the country. Consequently it’s an opportunity that many potential homebuyers may not be aware of.

	(866) 443-7637 866-4HEROES
	14702 Excelsior Blvd #1147 Minnetonka, MN 55345
	Monday-Friday, 9:00 AM - 5:00 PM

Chat with us!