If there’s one thing every borrower must do when looking for a mortgage, it’s go rate shopping. You shouldn’t assume the offer you received from one lender is the only offer you’ll get. It may not be the best offer either. Wouldn’t you rather shop around to see what others lenders might offer Read more
Archives for May 2018
Military Service Requirements for VA Loan Eligibility
If you served in the military, you may be eligible for VA loan benefits. The benefits are available to a variety of those with military service, including active duty members, veterans, and members of the National Guard or Reserves. In fact, some spouses are even eligible if they lost their spouse Read more
Does the FHA Require Seasoned Funds for Down Payment and Closing Costs?
You can buy a home with FHA financing with as little as 3.5% down on the home plus the cost of closing costs. If you plan to use your own money for these costs, rather than gift money, you’ll have to prove that the money is yours.Compare Offers from Several Mortgage Lenders.The FHA calls Read more
How to Buy a New Home While Selling Your Old One
As a repeat homebuyer, you are in a completely different boat than when you bought your first home. This time around, you have to figure in selling a home, and possibly doing it before you can buy your new home. In fact, most people have to sell their home before they can buy another. So what’s the Read more
Can a Buyer Back out of an Accepted Offer?
You made an offer on a home, but now you are having second thoughts. Are you able to back out of the sale or will you face serious repercussions?Compare Offers from Several Mortgage Lenders.While there isn’t a cut and dry answer to this question, there are ways you can tell what would happen Read more
