Author Archives: admin99

Lenders base your interest rate on the riskiness of your loan. Once a lender decides how likely you are to default on your loan, they determine your interest rate. They look at factors such as your credit score, debt-to-income ratio, and type of income. One more factor they consider, though, is the type of home. […]

As you shop for a mortgage, you’ll likely hear the terms conforming and non-conforming thrown around. It’s important that you understand these terms and figure out how you fit into them in order to determine which loan is right for you. Compare Offers from Several Mortgage Lenders. WHAT ARE CONFORMING LOANS? If you hear the […]

Are you ready to buy your first home? Congratulations! You are about to embark on an exciting journey. Along the way, though, it’s easy to get overwhelmed. Before you get started, we recommend that you compile a list of questions you should ask your realtor. Looking for Current Mortgage Interest Rates? Click Here. Below we […]

When you decide it’s time to buy a home, you have one major step to take before you find your dream home. You have to find a mortgage. Unless, of course, you have enough cash to pay for the home, but if you are like most people, you need a mortgage. Knowing how to shop […]

A condo association has many jobs aside from overseeing the development and caring for the common areas. As condo units turn over and people want to purchase them, they need access to various forms of financing. Most government-backed financing options require approval from the appropriate entity in order for the financing to go through. This […]

As you shop for a mortgage, you are probably receiving rate quotes from different lenders. You may think that the rate they give you is what you get. Did you know, though, that you could negotiate that rate? Lenders have some wiggle room in the rates they offer you. If you have it in you, […]

You have your down payment saved, so you think you are ready to buy a house. Before you start, you should know some things. You need more than just the money for the down payment to buy a house. Many fees go into the purchase, which is important for you to understand so that you […]

When you think of a mortgage, you likely think of conventional loans. These loans are written and funded by a lender, but then sold to a secondary market entity, such as Fannie Mae or Freddie Mac. Your loan servicer might remain the same, but the entity that actually owns the loan doesn’t remain the same. […]

Have you fallen in love with a home that won’t pass Fannie Mae standards for financing? Maybe it needs some renovations to bring it up to code. If you don’t have the cash lying around to pay for the home, you may think you’re out of luck. Compare Offers from Several Mortgage Lenders. There is […]

If you take out an FHA loan, you’ll pay mortgage insurance for the life of the loan. The mortgage insurance protects your lender should you default on the loan. It’s in exchange for the low down payment requirements and flexible underwriting requirements the FHA offers. Get Matched with a Lender, Click Here. Just how much […]