New physicians are in a good place in their lives because they are at the start of a promising career. The problems occur when these new physicians want to purchase a home. They have every factor counting against them in most cases including:A large amount of debt No history of consistent Read more
Common Mortgage Requirements for First-Time Home Buyers
If you are a first-time homebuyer, you are probably overwhelmed at the many loan options available today. While there isn’t a first-time homebuyer’s loan in particular, there are minimum requirements you’ll have to meet in order to qualify for a mortgage.Compare Offers from Several Mortgage Read more
Conforming Vs. Non-conforming Mortgage Loans
As you shop for a mortgage, you’ll likely hear the terms conforming and non-conforming thrown around. It’s important that you understand these terms and figure out how you fit into them in order to determine which loan is right for you.Compare Offers from Several Mortgage Lenders. What are Read more
What Does Table Funding Mean?
As you head to your loan closing, you may hear the term table funding used. You may also hear it called a ‘wet closing.’ This is in contrast to the other option, which is a ‘dry closing.’ While the names sound odd, it basically pertains to a closing that occurs when the ink on the paper is ‘wet,’ or Read more
What is the Ideal Mortgage Term?
Applying for a mortgage means you have to make many decisions. Among them is the mortgage term. This determines how long you will take to pay your mortgage back. It has a major impact on the amount of your monthly payment; your interest rate, and the amount of interest you pay over the life of the Read more
