News
Mortgage news, minus the noise.
What's moving in housing and lending, and what it means if you're buying a home, refinancing or financing an investment property.
14 articles in Guides · Clear filters
Articles
- Guides
BRRRR Method Tennessee: How Investors Finance Buy, Rehab, Rent and Refinance
The BRRRR method in Tennessee pairs a short-term rehab loan with a long-term rental refinance. Here is how each stage works and what lenders check first.
- Guides
Bridge Loan Tennessee: How Investors Use Short-Term Financing to Buy and Hold
A bridge loan gives Tennessee investors short-term financing to buy or hold a property until a sale or long-term loan. Here is how lenders size the loans.
- Guides
Fix-and-Flip Loan Tennessee: How ARV, Loan-to-Cost and Draws Work
A fix-and-flip loan funds the purchase and rehab of a Tennessee investment home. Here is how lenders weigh ARV and loan-to-cost and pay out rehab draws.
- Guides
DSCR Loan Tennessee: How Rent Coverage Is Calculated, County by County
A DSCR loan qualifies a rental on its rent, not your paycheck. Here is how lenders figure the ratio and how Middle Tennessee rents stack up against prices.
- Guides
Shopping for Homeowners Insurance With a Mortgage, as ICE Finds Switchers Cut Premiums 6.6%
Shopping for homeowners insurance paid off: ICE found switchers saved about $440 a year versus owners who stayed. Here's how to switch with a mortgage.
- Guides
How to Remove PMI on a Conventional Loan, and Why Fannie Mae Now Lets Servicers Tell Borrowers When They May Qualify
Federal law sets when PMI must come off a conventional loan, and a September Fannie Mae change lets servicers tell owners when early removal is in reach.
- Guides
FHA Mortgage Insurance Explained: The Upfront Premium, the Annual Charge and How Long Borrowers Pay It
FHA mortgage insurance adds an upfront premium and annual charge, and the schedule HUD set in 2023 decides what a borrower pays and whether it ever ends.
- Guides
Mortgage Closing Costs: What They Really Include, and Why Two Common Estimates Can Differ by Thousands of Dollars
Studies put average purchase closing costs near $4,500; federal guidance points to 2% to 5% of the price. Both hold because they measure different costs.
- Guides
How an Adjustable-Rate Mortgage Resets, and Why ICE Says 2020's Seven-Year ARMs Face the Biggest Jumps
When an adjustable-rate mortgage resets, the index, margin and caps in the loan decide how far the payment can move once the introductory period ends.
- Guides
Discount Points: How Buying Down a Mortgage Rate Works as Half of Borrowers Now Pay Them
Discount points trade cash at closing for a lower rate for the life of the loan. Whether the cost pays off depends largely on how long the loan is kept.
- Guides
Escrow Shortage Explained: Why a Fixed-Rate Mortgage Payment Can Still Rise With Insurance and Taxes
An escrow shortage can raise a fixed-rate mortgage payment. Insurance is now nearly a tenth of the average payment, and most escrow accounts run short.
- Guides
How to Cancel PMI on a Conventional Loan Under Federal Rules
To cancel PMI, the Homeowners Protection Act sets borrower-request, automatic and midpoint paths on many conventional loans as equity builds over time.
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