The Ultimate Guide to Mortgage Interest Rates: What You Need to Know
If you take out a $250,000 home loan, you won’t pay back $250,000 exactly. Instead, you’ll pay $250,000 plus interest. The amount of interest you repay is expressed as a percentage, known as your mortgage rate. Interest is the reason why home loans are available at all; they create a mechanism for lenders to profit […]
Mortgage Pre-Approval: Your First Step to Homeownership Success
When you’re pre-approved for a mortgage, you’ll receive a letter from a lender who commits to lending you a certain amount of money as long as you close on a house within a certain period. Pre-approval means you’ve already gone through the process of formally applying for a mortgage. An underwriter has examined your financial […]
How to Spot a Great Realtor
Having a positive home-buying experience means working with a skilled buyer’s agent. A buyer’s agent can help you find homes you’d never see on Zillow, can help you negotiate with sellers, and can help you make competitive offers in a tight market. The best buyer’s agents also know the neighborhood and the local market inside […]
The Ultimate Guide to Choosing the Right Mortgage Broker in Miami
That’s where a trusted mortgage broker comes in. By understanding your needs and financial situation, the right mortgage broker can tailor solutions that fit like a glove. This ensures a smooth and efficient journey to homeownership. Choosing the Right Mortgage Broker in Miami Research and Recommendations Research is your best friend when it comes to […]
Guiding Your Way to Homeownership Success
Achieving the dream of homeownership can seem like a complex task, especially for individuals and families with limited financial resources. However, with the help of homeownership assistance programs, aspiring homeowners can turn their dreams into reality. Homeownership Assistance Programs take various forms, each designed to address different needs and challenges faced by prospective homebuyers. From […]
Increase Your Home Value With FHA Fixer-Upper Loans
Many first-time buyers are happy to put in their “sweat equity” but know that renovations take money, too. In addition, certain loan programs won’t allow you to borrow money if the home has too many problems. Fortunately, lenders recognize the value of sweat equity and have created programs for buyers who wish to purchase a […]
Compare 4 Low Down Payment Loan Options Excluding FHA
Many people believe that FHA loan programs are the only low-down-payment loan programs. While the FHA loan program is an excellent one, you don’t have to resign yourself to saving 20% down if the property you are interested in isn’t suitable for an FHA loan. Fannie Mae and Freddie Mac offer several other excellent programs […]
A Complete Guide to Understanding the Home Zero Program
Eager to own a home but don’t have a 3.5% down payment or lots of money in savings to cover closing costs? You’re not alone. Many prospective homeowners and repeat home buyers find down payment requirements to be restrictive and difficult to work around. Our Home Zero program may be able to help. Our HomeZero […]
Getting Back Into the Housing Market After Credit Difficulties
Contrary to popular belief, you do not have to have a perfect credit history in order to buy a house. It’s more important to understand what an adverse credit event will require of you after it happens. After an adverse credit event, you will generally:- Need to observe a waiting period before you take out […]
What to Look for in a Mortgage Lending Company in Florida
A home loan is one of the biggest financial commitments you’ll ever take on during the course of your life. You should choose the mortgage lender you work with carefully, as the decision will help shape your financial life for many years to come. Here are five things you should look for in any company […]
