Veterans, service members and military families can achieve the dream of homeownership by using the significant advantages that VA loans offer. These are government-backed mortgage loans in which the U.S. Department of Veteran Affairs (VA) role is to insure mortgages issued by approved lenders. This minimizes the losses of lenders will not lose money if borrowers’ default on their mortgage. Additionally, this type of loan requires borrowers to pay for mortgage insurance. This helps mortgage lenders provide some financial benefits that are typically not found in other loan types.

The last several years have proven to be unpresented times for property appreciation with homeowners’ s equity increasing at an extraordinary pace. Do borrowers have to sell to access some of that equity? What if a borrower wants to make home improvements, pay for college, buy a car, or consolidate other outstanding bills? Now could be a good time for you to consider a home equity loan or cash-out refinance.

In National Mortgage News today, Platinum’s CEO William Giambrone is quoted as saying that the company is ‘ready and willing’ to move forward with participating in the Special Purpose Credit Programs, presenting more opportunities for future homeowners.

No longer does a potential home buyer (or move-up buyer) have to decide between buying a new home or renovating their existing one. Now they are choosing both, renovating their newly purchased home.

Federal Housing Administration (FHA) loans are popular, government-backed home mortgage loans that are tailored toward borrowers with limited savings and/or credit challenges. However, anyone who meets the eligibility requirements may apply.

Student loan debt is a crisis! Americans owe more in student loans than they do on credit cards.

Community Home Lenders Association (CHLA) wrote a letter to Treasury and FHFA asking for a suspension of Fannie Mae and Freddie Mac mortgage purchase restrictions adopted in mid-January as part of changes to the GSEs’ Preferred Stock Purchase Agreements (PSP).

Attention small community renters: why rent when your dream home sits a few miles away with no money down? USDA home loans have grown increasingly popular over the years, helping more than 650,000 individuals and families into homes.

The first step was buying your first house, and you felt the benefits: your credit score continues to increase, and during tax season, you can write off 12 months of interest and keep a huge chunk of cash to yourself, not to Uncle Sam.

For all those wishing to escape the traffic and crowds that come with city life, a cozy home in the quiet atmosphere of a rural community is waiting for you with 0% down!

One of the many perks to home ownership: building equity. According to CNBC, today’s homeowners have the highest amount of total accumulated equity in their homes ever recorded, sitting at $5.8 trillion.

For every reason other banks and lenders said “you can’t qualify,” we say “you can!” At Platinum, we understand not all buyers will fit the profile for traditional financing

What does it take to purchase a home? Good credit. Steady income. Low debt-to-income ratios. Job history. Oh yeah, and money in the bank…

When shopping for a home loan, buyers are usually focused on 2 things: what’s my rate going to be and how much is the mortgage insurance.

The struggle is real for Americans seeking to buy their first home. Saving for a down payment still holds the number 1 spot for obstacles when looking to purchase a home. Let’s face some of the facts:

High isn’t just a word to describe the residents of states with legal recreational marijuana use. Some say that legal marijuana caused the housing markets in these states to be blazing hot with high home values.

With inventory low right now, what’s better? Buying a home you kind of like, or buying a home of your dreams?

Up until recently, home buyers looking to buy a home in more expensive areas were left in limbo. Here’s why: Lenders had tightened the requirements on jumbo loan options making it hard to qualify for, or they did not offer them at all.

2017 [was] a record-setting year for natural disasters: “for the first nine months of 2017, the United States has endured 15 disasters that each cost $1 billion or more and collectively claimed 323 lives …” says PBS.

Since the state of California started the movement of legalizing marijuana for medicinal purposes, many states have also followed suit. So many, in fact, that 1 out of 5 Americans live in a state where it is legal to purchase and smoke weed freely—without a doctor’s note—and it won’t be stopping there.