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...
If you ask someone how much money they make in a week (which, we admit, would be extremely rude!) most could give you a specific number. But many people would say, “that depends on the week.” Self-employed and commission-based sales...
Millennials face a unique set of challenges when buying a home. From high amounts of student debt to social pressures to live in the “perfect” home, millennials have plenty of concerns when it comes time to buy property. But...
Virginia uses a settlement agent who is either an attorney or a representative from a title company. This person is used to complete the purchase and prepare all closing documents. When buying a home in Virginia, the buyer...