When you buy a house, you have a lot more to pay for than the down payment. The closing costs alone can cost up to 5% of the loan amount. If you have a $200,000 loan, you may need as much as $10,000 more than your down payment. Sometimes sellers can help you with those closing costs, but how do you Read more
What’s the Cost of a VA Loan Refinance?
If you have a VA loan and you want to refinance it, you have a few options. If you want to stick with a VA loan, you can refinance with the VA IRRRL (streamline refinance program) or the VA cash-out program. The VA cash-out loan allows you to take money out of the equity of your home – up to Read more
How Much Does a Home Inspection Cost?
Most lenders don’t require a home inspection, but it’s highly recommended so that you know what you are buying. Just because your lender requires an appraisal, doesn’t mean you’ll know if something is wrong with the home. The appraiser’s job is to determine the home’s value to allow the lender to Read more
Steps you can Take to Prevent Home Mortgage Closing Delays
If there’s one time in your life that you don’t want a surprise, it’s at your mortgage closing. An unexpected delay can cause issues with the seller and even leave you without a place to live if you’ve already sold your current home.Compare Offers from Several Mortgage Lenders.The loan Read more
How to Determine the “Cash to Close” on a Mortgage
When you buy a home, you probably focus on saving for a down payment. You know you need a big chunk of money to get the home you want. But after the down payment, there are the closing costs to consider. If you overlook this expense, you could find yourself thousands of dollars short when it’s time Read more
