Josh Anderson 
The Loan-to-value Ratio (LTV) is used in Mortgage Loan Lending to determine the amount necessary to put down in Down Payment and whether a Lender will extend credit to a borrower. LTV represents the proportion of an asset’s value that a lender is willing to provide debt financing against. The lowest Loan-to-value Ratio (LTV) is … Read more
Private Mortgage Insurance (PMI) is a type of Insurance policy that protects lenders against financial loss in the event borrowers default on their mortgage. Borrowers pay the monthly premium to the insurer and the coverage will pay a portion of the balance due to the mortgage lenders in the event they default on the home … Read more
A Graduated Payment Mortgage or GPM is a type of fixed-rate mortgage for which the payment increases gradually from the initial low base level to the higher final level. The purpose of a Graduated Payment Mortgage (GPM) is to allow homeowners to start off with lower monthly mortgage payments to help certain people qualify for … Read more
An Energy-efficient Mortgage or Green Mortgage is a type of Mortgage loan that allows borrowers to purchase an eco-friendly home or make energy-saving improvements to the existing home. Most homeowners spend thousands of dollars a year on energy bills and pay considerable amounts in monthly utility payments. The Energy-efficient Mortgage or EEM Program offers a … Read more
The FHA 203(h) Loans are the specialized FHA Loan Program that offers 100 percent financing to assist disaster victims. This Mortgage Loan is designed for purchasing new properties or reconstructing existing houses after catastrophic Damage. An FHA 203(h) Loan is specially reserved for disaster victims whose principal resistance was destroyed or damaged to the point … Read more
The FHA 203(k) Loan or Rehabilitation Mortgage loan is a type of government-insured mortgage loan that allows borrowers to take out the loan for two purposes including Home Purchase and Home Renovation. An FHA 203(k) Loan is also known as a Mortgage Rehab Loan, renovation loan, or Section 203(k) Loan. These Mortgage Loans can be … Read more
FHA 203(b) Loan Is the Mortgage Loan Program that is developed for first-time homebuyers, buyers with less-than-average credit, and Homeowners who want to refinance their home to pay for renovations. This type of Mortgage Loan is backed by the Federal Housing Administration (FHA) and offers very low down payment options. An FHA 203(b) Loan is … Read more
A Proprietary Reverse Mortgage is one of the Reverse Mortgage Loans that allows senior homeowners to access the equity in their homes through private lenders. The Proprietary Reverse Mortgage is a home-secured private mortgage loan that allows senior citizens aged 62 and older to convert a portion of their home’s equity into cash. These Mortgage … Read more
A Home Equity Conversion Mortgage (HECM) is a type of reverse mortgage loan that allows borrowers to convert equity into tax-free funds or monthly cash flow, eliminate payments on their current mortgage, or purchase a home without monthly mortgage payments. Home Equity Conversion Mortgage allows senior citizens to obtain a loan based on the value … Read more
A Single-Purpose Reverse Mortgage is a type of reverse mortgage loan that helps lower-income senior Homeowners cover specific lender-approved expenses such as property taxes or home repairs. These Mortgage loans allow homeowners to access their home equity for a predetermined purpose. There are three main types of reverse mortgages such as single-purpose reverse mortgages, federally … Read more