Following this simple advice will help the loan approval process and save you some unnecessary heartache. What NOT to do before closing on a house.
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For people that want to not only buy a home but get a great deal on their mortgage, the USDA home loan is one of the better programs available for those who qualify.
Things that really matter to first time home buyers such as getting formal representation to buy a home, why getting pre-approved is the best first step and how to decide on a place with the right frame of mind are just a few examples of the topics covered.
Look over these steps to prepare your home for an appraisal and help the appraiser view your property in a more favorable light.
The VA mortgage has some wonderful benefits along with a few obstacles that borrowers need to understand. Learn the pros and cons of the VA loan and make a good, educated decision about your home purchase.
The FHA 203k loan is a good way to buy a home and also get the extra money that can be used for renovations, repairs or both. There are good points and bad points to the loan and all of these should be considered before making a decision to purchase a property.
The title seems misleading, right? Every mortgage lender goes to great lengths to explain to real estate agents and borrowers how mortgage insurance is necessary, how to calculate the amounts and when the mortgage insurance will likely fall off the mortgage. However, how does PMI benefit the actual home buyer?
Rather than provide their kids or grandkids with a check as a down payment on a home, some people choose to offer a gift of equity on an existing home.
The following will compare an FHA loan vs Conventional mortgage, not to show that one is better than the other, but to highlight the strengths of each mortgage.
When using a mortgage lender, the purchase of a home will always require an appraisal. However, the Veterans Administration goes an extra step with their loans by providing a home appraiser to determine if the property meets VA minimum property requirements.