The USDA Home Mortgage: Cheaper Than the FHA?

Boy, competition’s getting fierce up in this real estate market, don’t you think? Home prices are rising. Down payment averages are rising. And the Chinese are still looking to Texas (among other places in the U.S. Let’s face it: America’s looking great. But as Americans, we still want the better bang for our buck! And if there’s one thing that still will cost a pretty penny, it’s a house!

You’ve Got Mortgage Insurance, for Example

It’s a necessity in the industry to protect the lenders. In fact, that’s what allows lenders to offer such low down payment requirements. But here’s the deal – you, the borrower, still need to pay for it. And many, many borrowers might not even realize that mortgage insurance will come out of your pocket. Plain and simple.

Thankfully, certain home mortgage programs offer competitive prices for mortgage insurance, and FHA is one of them – 1.75% of the loan amount is what you can expect to pay for insurance on a mortgage loan. Not too bad. That’s somewhat better than the VA home loan – another favorable program for low-income situations – with a mortgage insurance percentage of about 2.4%. But did you know there’s one home mortgage program out there that beats even the FHA?

You Guessed It: the USDA Home Mortgage

That’s grade A premium beef in the real estate industry, with a percentage of just 2% of the initial loan amount – and to make it even more interesting, the annual mortgage insurance charge is just .5% of the remaining balance over the course of 12 following payments. A much better deal than the .85% annual charge the FHA imposes.

Want to learn more about the USDA home mortgage? Check it out right here. Nothing against FHA, but maybe you want something a bit better. Just make sure you qualify for it! Because when we talk about grade A premium beef cuts, we don’t mean small shanks.

The Crazy Thing About the #USDA #Home #Mortgage Loan Is That It’s a Much More Viable Option Than Y…

The Crazy Thing About the #USDA #Home #Mortgage Loan Is That It's a Much More Viable Option Than You Think

Sure, we keep hearing the great stuff about this supposed "hidden secret" of the real estate market called the USDA home mortgage — and it is a great secret, by the way. But the reason why it's such a great secret is that you have to have the EXACT requirements to qualify for one. Once you qualify, the benefits are staggering, though.

However, it may be a lot easier than you think to get qualified for a USDA home mortgage. In general, the strictest requirement for the plan is the fact that it only applies to rural areas. Think farms. Hills. Backwoods. Grassy knolls even. And you might think one area's definitely rural, but the USDA has to designate it as such first.

Here's the funny thing about the USDA home mortgage, though — even established suburbs all over the U.S. may be eligible, and the reason why is actually quite funny.

For the past 15 years, the USDA hasn't even updated their eligibility maps. What used to be backwoods might be established communities and neighborhoods, but quite frankly, the USDA wouldn't know any better unless they walked up and down those sidewalks themselves.

This gives you an edge. Getting that quality home might be a game-changer for you simply because the USDA is having such a hard time updating their maps. They tried back in 2013 and failed. They then tried in 2014. Still failed. Even in October of 2015, they tried and yet failed again, pushing the project into 2016 and perhaps indefinitely. There's no telling when they'll update their U.S. maps, which gives you an untapped resource for home ownership with zero down and low rates.

So what are you waiting for? Learn more about the USDA home mortgage. Get qualified. Check out the link below and sign up with the HOPE Program right now.

7 Secrets of the USDA Mortgage You HAVE to Know

What’s confusing about this USDA mortgage is that we automatically think of grade A beef. This isn’t about beef, though. Read here to find out!

Maximizing Tax Benefits for Selling the Home After Kids Grow Up

Divorce doesn’t have to destroy the kids. There are options out there, and they’re not to blame. So it just so happens that many divorcing couples find the option to keep the home when dealing with a divorce until those kids move out when they’re older. There’s a specific reason to doing this, in that it’s not going to be a forever thing when owning the home indefinitely — eventually, that home will get sold!

The Tax Benefits Are Obvious, But Keep This Important Point in Mind….divorce tax-5

If you’re going to sell that home later on, make sure you get that attorney on your side to stipulate in the divorce agreement that the home still is your “main residence” for tax purposes. The law states that you won’t get the tax benefits of selling the home if you’re not living in the home for at least two of the last five years of that primary residence.

So if the son and daughter are only in their teen years, and you’ve moved out, selling the home leaves you high and dry while the ex-spouse reaps the tax benefits. Therefore make a point to research with the Income Tax Planning Network and find out what you need to do to settle the issue correctly.

Because Selling a Home Can Be a Benefit

Tax benefit, to be exact. It just takes timing. And divorce is anything but timely. Make it a point to sign up with ITPN and talk to an expert immediately. Get the lawyer, too, while you’re at it. Divorce doesn’t have to destroy the finances, especially when you’re facing the issue of selling that home. Either you sell the home and make anywhere around $250K in profit, or you’re not paying attention to those tax laws and have to fork over a ton of that profit to the IRS. You pick.

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The HOPE Program Says You Can Get a Home Zero Down

One check of these reviews and the ever-growing social fan base on pages like Facebook and Google+, and you begin to wonder: maybe this H.O.P.E. Program knows what they’re talking about! However, we can understand the skepticism: the real estate market’s cutthroat, what with the growing mortgage trends and the insane home prices skyrocketing like Elon Musk and the SpaceX Program. Perhaps we can get this real estate rocket to land on the barge like they’re planning to do, but make no mistake — H.O.P.E. to Own’s not far from that. Here’s why:

The Fact Is the HOPE Program Doesn’t Have to Claim Anything: theget a home zero down-1 Mortgage Industry Has the Answer:

It’s called the USDA home mortgage. A plan many don’t know about, but many should. To get a home zero down may just be as easy as applying for a USDA home mortgage precisely because this is one of two particular plans where you don’t have to make a down payment — and with down payment averages rising in areas around the nation, that’s great news.

The only other plan out there that allows borrowers to get a home zero down is the VA. Not even the FHA program allows it — typically a 3.5% down payment is customary, and that’s pretty low compared to some of the averages we see. You can imagine that as you discuss your plans with your rent-to-own consultant about the time coming for you to buy the property you’re living in, if you want to save on that down payment, chances are you might want to go with a USDA.

To Get a Home Zero Down, the Main Point Is This:

The USDA home mortgage program will actually lend a loan that could very well be up to the property’s actual appraised value! That’s saying a lot. Forget the down payment. You’re basically golden with the USDA home mortgage. Sign up right now to find out what your options are, and then get in contact with H.O.P.E. today. You never know — the USDA might be right for you. Learn more about the USDA right here.

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The First Amendment Defense Act: a Potential Bane to Same-Sex Marriage http://is.gd/ELkTjr  #business #employment

The First Amendment Defense Act: a Potential Bane to Same-Sex Marriage is.gd/ELkTjr

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A House Divided Doesn’t Necessarily Mean Bad Tax Advice

Considering the fact that the marriage failed in a home with bad memories often contributes to the decision for both soon-to-be ex-spouses…

The post A House Divided Doesn’t Necessarily Mean Bad Tax Advice appeared first on "H.O.P.E. To Own" your Own Home!.

One Thing to Know About the USDA Mortgage Loan: Take a Look at Your Income

Don’t get us wrong, though: the USDA mortgage is quite the secret in the real estate market. Just check this article out for yourself. If there was a way for someone to get a home loan approval fast and easy, it would be the USDA. But there are certain guidelines to keep in mind.

Keep an Eye on Your Income and Your Debt

It’s called the debt-to-income ratio. How much debt do you have? Is it ruining your credit? Do you need Lexington Law or Independent Credit Solutions to help you through those muddy waters? Good. Do it. But bear in mind that if the debt, plus the mortgage amount, just happens to be over 31% of your actual monthly income, the specific loan might be a no for you.
The VA program, another mortgage program out there, sticks to the similar rule: 41% is their measuring stick. Jumbo mortgage loans, the conventional ones, however, tend to stick to lower ratios overall given the assumption that when you take out a home loan, you’re entrusted to pay it every month despite whatever debt you already have.

And That’s What the Mortgage Guideline Is For:

It’s to protect you from buying a home that might be too expensive. When debt continues to drown you out, foreclosure commences. That’s something this real estate market won’t want given the growth we’re seeing in down payment averages and home prices.
So what should you do? Get on the right path, and without a doubt, the USDA mortgage loan might be your best bet, because it has plenty of benefits! Clean up your debt. Fix your credit. Sign up with the HOPE Program.