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Whether you are looking to purchase a home or refinance, First Alliance Home Mortgage is here to help you get the right home loan.

10 Home Improvement Projects to Do During Spring

It's time to start thinking about spring home improvement projects. From decluttering to refreshing your outdoor spaces, here are ten home improvement tips to get your home ready for the new season.
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What You Need to Know About Reverse Mortgages

As you approach retirement, you may be looking for ways to supplement your income. One option you may have heard of is a reverse mortgage. But what exactly is a reverse mortgage, and how does it work? A reverse mortgage is a loan that allows homeowners who are at least 62 years of age to convert part of the equity in their homes into cash. Unlike a traditional mortgage, a reverse mortgage does not require the borrower to make payments. Instead, the loan is repaid when the borrower sells the home, moves out, or passes away.
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What Are 203k Loans and How Do They Work?

203k loans, also known as FHA 203k loans, are a type of home renovation loan that can help borrowers finance the purchase of a home and the cost of renovations in one loan. These loans are backed by the Federal Housing Administration (FHA) and are designed to help homebuyers and homeowners who want to make significant repairs or renovations to their homes.
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FHA Announces Lower Mortgage Insurance Premiums Saving Homebuyers an Average of $800 per Year

The Department of Housing and Urban Development (HUD) will reduce its annual mortgage insurance premium from 0.85% to 0.55% for most new borrowers, resulting in an average annual saving of $800 for homeowners. The reduction will take effect on March 20.
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15-Year vs. 30-Year Mortgage

There are two main types of mortgages - 15-year and 30-year - and each has its own set of pros and cons. In general, a 15-year mortgage will have lower interest rates than a 30-year mortgage, but your monthly payments will be higher.
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FHA or Conventional: What's Better?

FHA Or Conventional: What's Better? FHA and conventional loans are the two most popular types of home loans,
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How a FED Rate Increase Affects Mortgage Rates, Buyers & Sellers

How a FED Rate Increase Affects Mortgage Rates, Buyers & Sellers If you're in the market for a
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With Mortgage Rates North of 5%, How Will the Housing Market Respond-2?

With Mortgage Rates North of 5%, How Will the Housing Market Respond? The market could begin to swing in
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