Do you live in California and are trying to buy your first home? Did you know that there are California First-Time Home Buyer Programs available? These programs are run by CalHFA. You do not apply for the loan directly through CalHFA. Instead, you apply with a CalHFA approved lender.Compare Read more
The Complex World of Down payments, Decoded
A survey by Genworth Mortgage Insurance found out that homeownership apprehensionis greatly caused by down payment misconception. Many believe that the 20 percent down is an absolute when getting a loan. The 20 percent down isn’t mandatory, but why does it exist? Let’s take it back a few decades Read more
NHF Sapphire Grant Down Payment Assistance Program
The hardest part about buying a home is often the down payment requirements. Buyers often qualify for financing, but lack the necessary funds to put down on the home. This leaves them incapable of purchasing a home. Luckily, there are down payment assistance options, such as the NHF Sapphire Grant Read more
How to Ace Your Home Purchase or Refinance Application
How to Ace Your Home Purchase or Refinance ApplicationIn matters of homeownership, it should cost you less to know more about how mortgages - purchase or refinance - work. This makes for a better transition from homebuying to homeownership. Don’t focus on the rates just yet, but on certain areas Read more
What is a SONYMA Mortgage?
If you are buying a home in the state of New York and you are a first-time homebuyer, you might be able to take advantage of a SONYMA mortgage. This stands for the State of NY Mortgage Association. This agency provides five different mortgage programs for first-time homebuyers. The requirements for Read more
