Does a zero down home loan seem out of reach for you? Do you worry that your credit score isn’t high enough to qualify for it?Compare Offers from Several Mortgage Lenders.We have good news for you. You don’t need exceptional credit to score one of the no money down home loans. Many of the Read more
Piggyback Loan or PMI – What’s Better?
If you are unable to put 20% down on the home you purchase, you have two options – pay PMI or take out a piggyback loan. Either way, you help lessen the risk the lender takes by providing you a loan without a large down payment. Both choices have the same end result – you secure more than 80% of the Read more
The Top Places to Keep Money Saved for a Down Payment
Saving money for a down payment can seem like a tough job. Before you go hiding it under your mattress, you should think twice, though. You’ll want to save that money somewhere that your future lender can track it. They need to know its origination and from under your mattress isn’t an option. You Read more
How Can You Use Seller Concessions?
Buying a home means more than coming up with a down payment and affording the mortgage payment each month. You also have to be able to afford the closing costs. With closing costs totaling between 5-7% of your loan amount, that’s no small chunk of change you must come up with to buy a home. Luckily, Read more
How Much of a Mortgage Down Payment Can be a Gift?
You can receive as much as 6% of a home’s sale price as a gift. While that sounds amazing, there are certain rules you must know. If you don’t follow the rules to the letter, you could find yourself without the ability to use the funds and possibly even without a loan.Compare Offers from Several Read more
