Building your dream home from the ground up can be an exciting endeavor. But it also brings with it several challenges. In addition to the many construction decisions you will be facing, you’ll likely have multiple options for financing the project and the mortgage that follows. While it’s not unusual to tackle these financial requirements separately,… Continue Reading Simplify the Path to Your New Home with a One-Time Close Loan
Veterans Association (VA) loans are among the best financing options available when it comes to homebuying — a well-deserved benefit in recognition of the service and sacrifice made by service members, veterans, and their families. Although VA loans are provided by private lenders, the VA guarantees a portion of each loan, enabling lenders to offer… Continue Reading VA Loan Limit Repeal Expands Opportunities for Veterans
One of the benefits of buying a home is the potential to see your investment in the property grow over time. An upward trend in the value of the home will certainly help, but to increase the possibility of a return on the investment, you want to begin building equity, and one potential obstacle to… Continue Reading Negative Amortization: What It Is and How To Avoid It
Saving for a down payment can be one of the biggest barriers to homeownership. Help with a down payment in the form of a gift from a family member can put you ahead of the curve, but there are a few things you should know to avoid potential pitfalls later. Cash from a relative may… Continue Reading Down Payment Gift? Here’s What You Need to Know
As one of the most popular types of home mortgages, FHA loans can offer a unique and essential option, especially for first-time home buyers. Backed by the Federal Housing Administration, the loans combine less restrictive financial requirements with generous lending terms to create an attractive alternative. While many borrowers may be aware of the 3.5… Continue Reading Three FHA Loan Advantages You Need to Know
You know exactly what you want in a house. You’ve scoped out your local market, and a couple of neighboring markets, too. You’ve kept an eye on foreclosures and auctions and done your research. There’s just one problem: nothing you’ve seen meets your expectations; the house you want doesn’t exist yet as-is. So what’s to… Continue Reading Which Mortgage is Right For Remodelers? Consider a 203k Loan!