How to be an ‘Ideal Borrower’ for a Mortgage Lender 

Homebuyers can position themselves for getting the best interest rates on their new mortgage by taking steps that demonstrate their financial responsibility.  The ideal borrower for a mortgage lender is proactive about doing the right things to secure their loan. These steps will help anyone stand out when they are ready to apply for a […]

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New Mortgage Limits for 2020

The new year represents a time when home buyers can take advantage of new mortgage limits that help them get into a house that fits their needs. In 2008, the Housing and Economic Recovery Act mandated that the conforming loan limit used by conventional lenders must be adjusted each year to reflect changes that occur […]

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Are VA Loan Appraisals Tougher?

Your status as a military veteran gives you access to benefits that make buying a home easier. Yet your VA loan does come with a few requirements. A VA loan appraisal must be completed before a lender can approve the loan. At first glance, these appraisals are intimidating. You may have even heard that the ones […]

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Hidden Costs When Buying a House

You’ve carefully planned your budget to buy a house. You may have checked out the prices for homes in your preferred neighborhood. While this is a great start, you also want to avoid being surprised by these often unexpected costs that are involved with many home purchases. Home Inspections and Appraisals Many lenders require you […]

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How Does a Balloon Mortgage Work?

Balloon mortgages used to be one of the primary loan types used by people buying a home. Although the practice of issuing these types of mortgages has recently become less popular, there are times when one could work to your advantage. What Is a Balloon Mortgage? A balloon mortgage is written to cover a shorter […]

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How to Come Up With a Down Payment

Down payments on a home show lenders that you are responsible with your money. They also give lenders an added sense of security, since they are not having to issue a loan for the full value of your new home. Being able to put a down payment on a home opens up options that help […]

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