When purchasing a home, it’s expected that you’ll put at least 20% down. However, all buyers are different and not all have the finances to go that route. There are a number of options out there and applying for a second mortgage may be something to consider. If you have a 5%-15% down payment, you ...
When it comes to financing a home, there are many options to consider. Working closely with a loan officer will help determine what type of mortgage is right for you. First, we will cover some of the basics of mortgage loans so you have a better understanding when you contact a professional. Mortgage Term: Mortgages come ...
The federal government supports the annual percentage rate disclosure (APR) as the standard measurement of loan cost for mortgage shoppers beginning their journey to find a good deal on a home loan. You should understand what goes into a mortgage APR and how you can utilize this knowledge to find the best, most reasonable loan ...
During the home buying process, you will be working with several different business professionals, including myself and your realtor. Because this can be an overwhelming time, I want to familiarize you with some of the other professionals that will come into play to make your homeownership dream a reality. First off, I will let you ...
Buying a home is one of the largest financial choices you will make in your life. It comes with terminology you may not otherwise come across in your everyday life. One of these terms is “escrow.” In case you aren’t sure what escrow is or how it will affect your home buying process, check out ...
