The lender you use to finance a home can make the difference between an awesome experience, or a horrible one that costs you a lot of money. As a real estate Broker and investor, I know there is a huge difference in the quality of lenders and banks. The lender may work with one bank,…
1. Decide how much you want to put down for a down payment? If you have at least 5% to put down as a down payment for a home and have decent credit you can probably qualify for a conventional loan. If you only have 3.5% then you will have to go FHA. When trying…
1. It means you have the opportunity for an asset to appreciate Appreciation is never guaranteed but by owning your primary residence you have the opportunity to capture appreciation. The amount of land on this earth is finite, meaning it is limited and no more can be created. 2. Lock in your costs with a fixed mortgage.…
Are you interested in financing a home but not sure which mortgage option to go with? A Conventional loan is Ideal for borrowers with good or excellent credit. Conventional mortgages generally pose fewer hurdles than Federal Housing Administration or Veterans Affairs mortgages, which may take longer to process and fund. Conventional loans start at 5%…