Did you know that many FHA loan limits are lowering in 2014? The reduced limits will exclude a growing number of borrowers from FHA financing, depending on the county and the price point of the home. FHA Benefits You May Miss Out On If You…
“Oh, that darn paperwork! Wouldn’t it be easier if it all just blew away?”– Mike Wazowski, Monsters, Inc. Don’t let a fear of paperwork keep you from the home of your dreams. Take advantage of our straightforward mortgage loan checklist to put together the right…
What is PMI? PMI stands for private mortgage insurance. It’s an insurance policy that protects a mortgage lender against loss if a borrower defaults on a loan. Who is asked to pay PMI? It varies, but lenders typically require PMI on conventional loans with a…
There are many ways to save money on homeowners insurance: bundling multiple policies, buying a new home instead of resale, increasing your deductible, maintaining good credit—and that’s just naming a few. But, did you know that there are also some simple things you can do…
Attractive interest rates, news of rising home values and tight rental markets have many Americans daydreaming about a new home. If you’re one of them, you may be surprised by how much home you can afford—and how easy it can be to find out. Step…
Some of the questions we receive aren’t about Richmond American Homes, but about homebuying in general. For example… Q: Do I have to have spotless credit to buy a home? A: No, but a good credit history may help you get a better interest rate…
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