by maria | Aug 23, 2016 | Exclusive QA |
Builders will typically offer no-down payment loans to sell properties in a slow-moving development or a depressed market. Desperate sellers also may commit to finance the down payment for the buyer to move a hard-to-sell home or to make a quick sale. Veterans may buy...
by maria | Aug 23, 2016 | Exclusive QA |
It protects them should you default on the loan, especially if you fail to make payments in the early years of the loan when more is owed on it. Foreclosure, property fix-up, and resale costs could result in a loss on the mortgage loan. That is a bad situation the...
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...