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So far Wendy Thompson Team has created 64 blog entries.

Refinance VA Loan to Conventional: How it Works and When it Makes Sense

VA loans are one of the best financial benefits available to veterans. They have many benefits, including no down payment, flexible underwriting guidelines and no mortgage insurance. Millions of veterans use the program. But sometimes, a conventional loan makes more sense for veteran borrowers. If you’ve already got a VA loan, you may want to switch to a conventional loan.How does that work? And when does it make sense?Great questions.This guide will walk you through how to refinance a VA loan to a conventional loan and when it makes sense to do it. [tcb-script]if (window.addEventListener){ window.addEventListener("message", function(event) { if(event.data.length >= 22) { [...]

2021-03-31T00:51:19+00:00By |VA|Comments Off on Refinance VA Loan to Conventional: How it Works and When it Makes Sense
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Conventional Rehab Loan: What You Need to Know

If you’re wondering can I buy a fixer upper with a conventional loan, don’t worry. Buying a house that needs some love is possible with a conventional rehab loan.  You won’t need tens of thousands of dollars in cash to fix the home up. You can finance the home, repairs and upgrades all in one. Sound too good to be true?  Here’s what you need to know about a conventional rehab loan to know if it’s right for you. [tcb-script]if (window.addEventListener){ window.addEventListener("message", function(event) { if(event.data.length >= 22) { if( event.data.substr(0, 22) == "__MM-LOCATION.REDIRECT") location = event.data.substr(22); } }, false); } [...]

2021-03-25T22:28:14+00:00By |Loan, Mortgage|Comments Off on Conventional Rehab Loan: What You Need to Know
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Is a Conventional Loan Better Than a VA Loan?

Deciding between a VA and conventional loan when you’re a veteran seems like a no-brainer, right? No money down and no mortgage insurance with a VA loan sounds like the best deal. But wait… The decision might not be so easy. While a VA loan is good, sometimes a conventional loan makes more sense for veterans. To help you decide, we’ve got the guide right here. Let’s answer the question of Is a conventional loan better than a VA loan? [tcb-script]if (window.addEventListener){ window.addEventListener("message", function(event) { if(event.data.length >= 22) { if( event.data.substr(0, 22) == "__MM-LOCATION.REDIRECT") location = event.data.substr(22); } }, false); [...]

2021-03-25T22:25:52+00:00By |VA|Comments Off on Is a Conventional Loan Better Than a VA Loan?
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VA Loan Closing Costs: How to Calculate the Funding Fee in 2021

If you’re looking for a home, you’re in for a treat. VA loans have some of the best terms available, including the ability to buy a house with no down payment. But you still must consider VA loan closing costs.Some borrowers worry about the VA funding fee, but it’s not as bad as you think. And the VA loan experts at the Wendy Thompson Lending Team can help. We’re going to tell you what the funding fee is and how to calculate it. But that’s not all…There are ways to lower the funding fee or get out of paying it altogether. Keep reading to [...]

2021-03-16T22:09:17+00:00By |VA|Comments Off on VA Loan Closing Costs: How to Calculate the Funding Fee in 2021
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Best Mortgage Companies In Tennessee

Shopping for a mortgage is a big deal. It’s almost as big as shopping for a home itself. After all, your mortgage is something you’ll have for the next 15 to 30 years, so it’ll play a tremendous role in your financial life. What if you choose a difficult lender?You could have a nightmare of a time dealing with loan servicing. You could also pay more than necessary in interest or loan fees. Your home could become a bad investment. And you don’t want that!Your home should be one of the best investments of your life.Fortunately, there are many great mortgage companies [...]

2021-03-16T22:21:37+00:00By |Mortgage|Comments Off on Best Mortgage Companies In Tennessee
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FHA Loan Oregon Requirements: Best Rates & Options (2021)

Are you in the market to buy a house? An FHA loan in Oregon can be an excellent option. FHA loans not only have more flexible credit requirements, but they also come with a lower down payment option.There’s one downside.FHA loans have caps on how much you can borrow. And the limits vary by county.Throughout most of the state’s 36 counties, FHA limits in Oregon are $331,760. But in a few places – namely Portland and Hood River – your borrowing power is much higher.Knowing what to expect with an FHA loan is crucial to your home-buying journey.The Wendy Thompson [...]

2021-03-16T22:19:38+00:00By |FHA|Comments Off on FHA Loan Oregon Requirements: Best Rates & Options (2021)
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FHA Loan Florida Requirements: Best Rates & Options (2021)

FHA loans limit how much you can borrow. The limits can vary by county, and the Federal Housing Administration (FHA) updates those limits every year.That means FHA loans in Florida for 2020 have different borrowing limits than they did in 2019.The standard cap for a single-family home is $331,760.But Florida limits work a little differently. Because borrowing caps are based on 115% of median home prices, Florida’s limits are below the standard in some areas.That’s why it pays to go with a lender familiar with FHA guidelines.Here at the Wendy Thompson Lending Team, we’ve got you covered.To know how much [...]

2021-03-16T22:15:29+00:00By |FHA|Comments Off on FHA Loan Florida Requirements: Best Rates & Options (2021)
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FHA Loan Texas Requirements: Best Rates & Options (2021)

FHA loans are fantastic options for homebuyers in Texas. They offer flexible financing and low down payments. The amount you can borrow fluctuates from year to year. And did you know the FHA loan limit can vary by county?Here at the Wendy Thompson Lending Team, we’ve done the heavy lifting – we have the inside scoop on FHA loans in Texas for 2021.And it’s a good thing, too.With 254 counties in Texas, that’s a lot of data to keep track of!Keep reading to see how much house you can buy in Texas. [tcb-script]if (window.addEventListener){ window.addEventListener("message", function(event) { if(event.data.length >= 22) { if( [...]

2021-03-16T22:12:56+00:00By |FHA|Comments Off on FHA Loan Texas Requirements: Best Rates & Options (2021)
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Cash Out Refinance Tennessee: 7 Questions for Homeowners

Could your home use a major update? Maybe you’re looking to consolidate high-interest debt or there’s an investment opportunity you’re looking to free up some funds for?It can be tough to build up the necessary savings to accomplish your goals, especially in today’s economy. But… a cash-out refinance Tennessee may be your answer.WHAT IS A CASH OUT REFINANCE TENNESSEE?A cash-out refinance Tennessee is a mortgage for your Tennessee home for an amount that's more than your current mortgage balance. It’s a way to tap into your home’s equity – the money you’ve built up by paying your mortgage balance down along with [...]

2021-03-01T09:47:13+00:00By |Refinancing|Comments Off on Cash Out Refinance Tennessee: 7 Questions for Homeowners
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Pre Qualified Vs Pre Approved Mortgage

Shopping for a home can be tedious. Besides trying to find your dream house, there’s getting a pre qualified vs pre approved mortgage.I can hear you now… Isn’t being pre qualified the same as being pre approved?It turns out they're both very different.One is a good indication of creditworthiness and an estimate of what you can afford. And the other? Well, that’s one step closer to approval and can make it easier to buy a home. [tcb-script]if (window.addEventListener){ window.addEventListener("message", function(event) { if(event.data.length >= 22) { if( event.data.substr(0, 22) == "__MM-LOCATION.REDIRECT") location = event.data.substr(22); } }, false); } else if (window.attachEvent){ [...]

2021-03-04T16:36:44+00:00By |Mortgage|Comments Off on Pre Qualified Vs Pre Approved Mortgage
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