This week, USA TODAY reported many millennials don't enter the housing market because they're intimidated by all the confusing terminology. From the article: "After putting away enough savings, the biggest hurdle for Millennial buyers may b
Feb 20, 2015 |
People often ask me: What's the maximum amount a seller can contribute to the closing costs? The answer depends on the loan program. The chart below shows the seller contributions for conventional loans based on the down payment. Note: The c
Feb 19, 2015 |
We are receiving a gift for our down payment. It will be in excess of 20% of the purchase price. Someone told us part of that money has to be our own funds. Is this true? If the down payment is in excess of 20% of the purcha
Feb 09, 2015 |
When you negotiate a contract and decide on a lender, you should always take into account closing costs and pre-paids. Here's the difference between the two. Below I have pasted a chart for a closing cost estimator. I hope yo
Feb 09, 2015 |
Feb 03, 2015 |
Student loan debt is one of the biggest reasons millennials struggle to buy homes. However 2015 is expected to be a big year for student loan reform. Right now, the federal Pay As You Earn program allows newer borrowers to cap monthly student debt paymen
Jan 30, 2015 |
Reach out to our team of local mortgage specialists and take the initial step towards homeownership. Our team is ready to assist you throughout the process, offering you the necessary information and guidance to help you make informed decisions for your unique needs. Don't delay any longer - apply today to begin.
APPLY NOW