More than a year ago when interest rates began to slowly move up after recent Federal Reserve comments indicated we can anticipate three and maybe four rate increases for 2018. That was based upon economic projections that indicated our economy was awakening from its extended slumber as job creation and the unemployment rate showed signs […]
Buying a first home is probably the biggest financial decision someone can make. For those who already own their own homes they can relate. It’s a process that can be explained upfront but until someone goes through it, experience is the ultimate teacher. Finding, buying and financing a home can be a rather drawn out […]
If a low down payment mortgage is your preference, there are two programs that might suit your needs. The Conventional 97, a Fannie Mae product, and the FHA loan. They’re both very similar and even more so beyond the low down payment. If you’re eligible for both programs, there are some questions to ask to […]
Financing a primary residence means having the most financing options available in today’s marketplace. For those wanting to buy and finance investment real estate there are fewer albeit very competitive choices. But with a primary residence, there are plenty and are divided into two basic categories- conventional and government-backed mortgage loans. A conventional loan is […]
If you’re eligible for a VA loan and want to come to the closing table with as little money as possible, a VA loan is going to be hard to beat and for several reasons. The most popular is probably not requiring a down payment. That is at least up to the maximum VA loan […]
Saving up enough money for a down payment and closing costs is typically the single biggest challenge when buying real estate, especially so for those buying their very first home. There are low down payment programs which can ask for as little as 3.5 percent down, such as the FHA program, as well as zero […]
Financing is available with just a 3% down payment as a Conventional loan for a 1 unit property. County or city downpayment assistance along with community 2nds are possibly available to you. Even cash on hand is allowed with appropriate documentation. One of the borrowers must be a first-time homebuyer. In addition, you must go […]
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