Sometimes it seems like becoming a homeowner is an impossible journey. There are many blockades, but one of the largest is the need for a down payment. While there are options for purchasing a home without a down payment,...
You want to buy a home, but you’re really not sure is a large property is right for you. You’re not interested in tending to a large lawn every weekend, trimming rows of trees, or spending hours hedging bushes....
Homeownership is an important part of American prosperity. It provides secure, consistent housing and, because a mortgage payments become real ownership, acts as a forced savings account. It allows you to take pride in your property and lets you...
In a previous article, we discussed how you can acquire a loan to help purchase a home for an elderly parent. We discussed many important points, such as the challenges of purchasing a parent’s house as a “second home”...
If you are having trouble qualifying for a mortgage, you may consider using a “seller carry.” This is a special situation that, depending on the details, could help you qualify for a mortgage that would otherwise be unavailable. What...
Mortgages can be confusing. There are loan terms, interest rates, down payments, closing costs, and many other detail that you need to understand in order to get the best results. Another important detail is the option for “mortgage points.”...
It happens in lending from time to time. On occasion, rates are so high that they trigger the requirements of a High-Priced Mortgage Loan, also called an “HPML.” In many cases, this means the only solution is to establish an...
In the past, getting a home loan as a foreign national has been difficult. Lenders often have a complicated task when it comes to verifying information provided by non-citizens. For example, in the U.S., we don’t use the same...
Whether you have actively searched for a home or you’re simply considering the prospect of homeownership, you’ve likely come across the subject of a down payment. In fact, you’ve probably heard, by at least some people, that you absolutely...
When you work with a dedicated, experienced lender like San Diego Purchase Loans, you give yourself the best possible chance at a quality mortgage for your specific needs. For example, you can work with us to secure up to...