Recent Articles
Feb
22
2023
22
2023
Homebuying Help: How Downpayment Assistance Programs Work
If lack of downpayment or funds for closing costs are the main hurdle to buying a home, a state or local downpayment assistance program may be the answer! Most states, counties, and cities offer assistance in the form of grants or no-interest loans to help home shoppers pay for these costs...
If lack of downpayment or funds for closing costs are the main hurdle to buying a home, a state or local downpayment assistance program may be the answer! Most states, counties, and cities offer assistance in the form of grants or no-interest loans to help home shoppers pay for these costs...
Feb
15
2023
15
2023
What's the Max Debt-to-Income (DTI) Ratio for a Mortgage?
Debt-to-income (DTI) ratio determines what mortgage you’re eligible for. So before getting pre-approved, your mortgage advisor will review your income and debts to help you understand where you currently stand. In this article, we’re going to look at what a...
Debt-to-income (DTI) ratio determines what mortgage you’re eligible for. So before getting pre-approved, your mortgage advisor will review your income and debts to help you understand where you currently stand. In this article, we’re going to look at what a...
Feb
12
2023
12
2023
One-Time Close New Construction Loans
One closing! Which means one interest rate (with the option to modify down if the market improves), one down payment, one full credit report to order and one approval. Eligible on 15-and 30-year fixed conventional and high balance loans and 7- and 10-year ARMs Available on...
One closing! Which means one interest rate (with the option to modify down if the market improves), one down payment, one full credit report to order and one approval. Eligible on 15-and 30-year fixed conventional and high balance loans and 7- and 10-year ARMs Available on...
Feb
08
2023
08
2023
Should You Close Credit Cards Before Applying for a Mortgage?
If you have a $0 balance card, should you close it before applying for a mortgage? That’s a good question, but before you consider canceling your credit card account, it’s crucial that you know the potential drawbacks associated with closing an account. For...
If you have a $0 balance card, should you close it before applying for a mortgage? That’s a good question, but before you consider canceling your credit card account, it’s crucial that you know the potential drawbacks associated with closing an account. For...
Feb
07
2023
07
2023
3-2-1 Buydowns
3-2-1 Buydown Year 1 - 3% lower than the note rate Year 2 - 2% lower than the note rate Year 3 - 1% lower than the note rate Year 4 - Full note rate 2-1 Buydown Year 1 – 2% lower than the note rate Year 2 – 1% lower than the note rate Year 3...
3-2-1 Buydown Year 1 - 3% lower than the note rate Year 2 - 2% lower than the note rate Year 3 - 1% lower than the note rate Year 4 - Full note rate 2-1 Buydown Year 1 – 2% lower than the note rate Year 2 – 1% lower than the note rate Year 3...