A mortgage rate buydown, or ‘buydown’ for short, is when a borrower pays more money upfront to secure a more manageable, lower interest rate for the first few year(s) of their mortgage. Furthermore, a borrower pays an additional charge at [...]
Starting your journey as a first time home buyer can be intimidating, especially if you’re new to the process or not sure where to start. Working with a mortgage expert will ensure you understand the process and feel confident every [...]
Just like it sounds, jumbo loans are just bigger loans. Jumbo loans can be used to purchase a home worth more than the conforming loan limit set yearly by the Federal Housing Finance Agency (FHFA). Commonly referred to as a [...]
Seller concessions are a great way to reduce the amount of cash paid upfront when closing on a home. Whether you’re buying or selling your home, learn how seller concessions can benefit you! Seller concessions are closing costs the seller [...]
There is a unique homebuying opportunity for law enforcement, teachers, and emergency technicians through the Good Neighbor Next Door program. This program, offered by the United States Department of Housing and Urban Development (HUD), provides an incentive to buy qualified [...]
There are many professionals that will work with you throughout the home buying journey. Let’s introduce the experts you will connect with and their roles so you can better understand the home buying process! Loan Officer Your main point [...]
Everyone deserves the American dream even if they’re not considered permanent residents of the United States. If you’re a non-permanent resident looking to purchase a home, understanding the guidelines and services available is essential to ensure a seamless process. Here’s [...]
An adjustable-rate mortgage may be a way to save on your mortgage upfront. It's important with any mortgage product, to understand the terms of the mortgage in order to make an educated decision. If you're ready to speak with a [...]
It’s no secret that purchasing a home will most likely be one of the biggest financial investments in your life. Understanding and planning for the upfront and ongoing costs associated with the home-buying process are essential before deciding to commit [...]
How to Save on Your Mortgage With an 80/15/5 Loan What is a piggyback loan? How does a piggyback loan work? 80/15/5 Piggyback Loan Breakdown 80/10/10 Piggyback Loan Breakdown 75/15/10 Piggyback Loan Breakdown Pros & Cons of a Piggyback Loan [...]
