How to use gift money for a mortgage down payment
When buying a home, your down payment is most likely the largest upfront expense. A lot of future first-time homebuyers can reasonably afford monthly mortgage payments, however, the initial cost…
5 Questions to ask your loan officer
According to homes.com buying a new home is one of the most stressful experiences in modern life. Luckily, working with a great loan officer can go a long way in…
Understanding Mortgage Closing Costs
When purchasing a new home, the down payment is not all you have to bring to the closing table. Every transaction will come with closings costs. These costs get paid…
Five common mortgage mistakes and how to avoid them
Five common mortgage mistakes and how to avoid them
According to the Consumer Financial Protection Bureau’s 2020 report – 8.9% of conventional and nonconventional mortgage loans were denied in 2019. During the mortgage process there are several do’s and…
Entrance to the house
Real Estate vs. Mortgage Escrow Accounts
During a real estate transaction there are two types of escrow accounts: a real estate escrow account and a mortgage escrow account. When purchasing a property, you will need to familiarize…
Conventional Condo Financing in Florida
Florida is a unique geographical area where attached condominium units are scrutinized by investors more than any other state. If you are thinking about buying a condo in Florida and…
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Bank Said No? A Non-QM loan might be the solution
What is a Non-QM Loan? Non-QM (or Non-Qualified) mortgage products allow borrowers to qualify for a mortgage using alternative income solutions. These programs typically are designed for self-employed business owners,…
focus on wooden blocks with letters Refinance text. Concept image
Things to Consider Before You Refinance Your Mortgage
Refinancing your mortgage is the process of revising and replacing the terms of an existing loan or mortgage. By doing so, you could potentially reduce your interest rate and save…
What Happens During a Home Inspection?
There are two main reasons to get a home inspection: To ensure the property meets your standards (no major defects) – a, “full inspection”. Obtain the necessary paperwork required for…
Tips for millennial homebuyers
According to the National Association of Realtors, millennials make up the largest share of potential home buyers - about 38% of the total market. However, they are buying fewer homes…
