by admin | Jun 29, 2017 | Closing Process, Real Estate Financial Help
What is Mortgage Pre-Qualification? Pre-Qualification is when a lender has evaluated your credit worthiness and has decided that you will probably be eligible for a loan up to a certain amount. However, most of the time pre-qualification letters are an approximation...
by admin | Jun 20, 2017 | Closing Process, Real Estate Financial Help
What are the closing costs and who is responsible for them? Who pays the Realtor fees? If I have a Realtor are they paid a percentage of the purchase price and is that on top of the home purchase? If I buy from the seller’s agent do I have to pay that agent or...
by admin | Jun 15, 2017 | Real Estate Financial Help
When you purchase a home, mortgage lenders go through a number of variables including your credit score, your income, and your work history with a fine-toothed comb. Even if all these indicate you’re a good candidate for a mortgage, an “expense...
by admin | Jun 8, 2017 | Real Estate Financial Help
I want a low monthly payment. What type of mortgage should I look for? The standard 20% down, 30-year fixed rate loan will keep your payment low. For example, if you plunk down 20% or $50,000 on a $250,000 property, your monthly payment would be around $990. Other...
by admin | Jun 1, 2017 | Real Estate Financial Help
If you have a mortgage, we hope that you know just how important it is to make those payments on time, every month. However, sometimes life knocks you down and people are unable to pay their mortgage and end up in mortgage default. What is a Mortgage Default? To...
