How Much Does it Cost to Close on a Home?
When you purchase a home, the down payment is not the only money you’ll need to save or payment you’ll need to make. You’ll also have to worry about closing costs, which are typically not covered by your mortgage loan. Let’s discuss closing costs so you can prepare for them. What are closing costs? Buying […]
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 […]
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 […]
