The downpayment is one of the biggest hurdles to homeownership.
So big, in fact, that is keeps many would-be borrowers from getting the home they deserve. This is understandable, as even a minimal downpayment can equal thousands of dollars....
Your mortgage payment is made of many parts, including the principle and the interest, which in general are commonly understood by more borrowers.
But what about the property tax and home insurance? Why are these a part of your mortgage...
If you have a low credit score, you might think that getting a loan would be virtually impossible. You may have heard from friends or family members that if your score is low, don’t bother looking for a mortgage...
Low credit VA loans are an excellent options for thousands, possibly even millions, of veterans across the country.
VA loans are one of the most useful benefits available to veterans and qualifying family members. They come with excellent terms...
Buying an investment property is, in many ways, similar to purchasing your personal home. You start by defining your goals, then look at properties, make offers, take out a loan (in most cases), and finally close a deal.
Overall,...
The Family Opportunity Mortgage from Fannie Mae, allows you to purchase a home for a loved one while enjoying many of the same benefits as a loan on a single-family owner-occupied property.
Many people across the country, including right...
Within 24-48 hours the national media will begin reporting mortgage interest rates are on the rise. This is exact the opposite of what has been reported for the past 2 weeks. Rates have been increasing since Monday of this...
Commercial real estate loans can improve and enhance your business.
The majority of mortgage loans are made to individuals and couples purchasing their personal residence. Most people understand these loans, or at least have a general picture for how they...
Getting ready to buy a house, especially your first home, can seem intimidating. But when you prepare your documents and finances, and plan for your budget, you’ll be more confident, and also have a more enjoyable home-shopping experience.
Here...
Winter is the real estate offseason. Ask any real estate agent, mortgage broker, appraiser, contractor, or homeowner and they’ll tell you just the same: there’s no activity in winter, so you might as well wait until spring to list...
