by maria | Aug 23, 2016 | Exclusive QA |
When you apply for a loan, long, steady employment is always seen as a plus, as is a large down payment, a good credit rating, a history of regular savings, and property located in a “good” neighborhood. Not so good in the lender’s mind: frequent job changes without...
by maria | Aug 23, 2016 | Exclusive QA |
Much like a stockbroker helps you buy stocks, a mortgage broker can help you purchase a home loan. Because the broker has access to many lenders, you will be able to select from a wide variety of loan types and terms that fit your specific needs. Note, however, that...
by maria | Aug 23, 2016 | Exclusive QA |
You can get a home loan from several different sources—a credit union, commercial bank, mortgage company, finance company, government agency, thrift (which includes savings banks and savings & loan associations), mortgage broker, and even the seller. Note,...
by maria | Aug 23, 2016 | Exclusive QA |
A lot will depend on the length of time you plan to live in the home, other financial obligations, and potential savings gained from comparing the monthly costs of a home against the upfront costs and closing costs involved with a particular loan. Also, you will need...
by maria | Aug 23, 2016 | Exclusive QA |
Your real estate agent has information on lender loan requirements and will be able to calculate a rough monthly figure you can afford based on the maximum monthly payment for the loan, taxes, insurance, and any type of maintenance fees. This pre-purchase evaluation...