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Can you use a fha loan and a va loan?
A federally backed home loan is intended to be used by a borrower who occupies the home as their primary residence. The...
What is a hybrid loan?
In short, a hybrid mortgage combines the features of a fixed-rate mortgage and an adjustable-rate mortgage (ARM). A...
What is a 5'1 hybrid loan?
The “5” in the term refers to the number of years with a fixed rate, and the “1” refers to how often the rate is...
What is a 5'1 hybrid arm loan?
The words “variable” and “adjustable” are often used interchangeably. With a hybrid ARM, the index is established ...
What is a 5'1 hybrid mortgage?
The “5” in the term refers to the number of years with a fixed rate, and the “1” refers to how often the rate is...
How does a hybrid arm loan differ from other mortgage loans?
A hybrid mortgage is a mortgage loan with a fixed interest rate for a specified period of time, after which the rate is...
What is a 3 1 1 loan term?
A 3-to-1 repurchase mortgage is a type of loan that charges lower interest rates for the first three years. In the first...
Is a va loan more strict?
The main difference is that the VA has stricter guidelines when it comes to homes. The Department of Veterans Affairs is...
