Buying a Home with Zero Money Down

It is a widely held belief that you need to put 10-20% down to buy a house. The truth is, you can buy a house with as little as ZERO down payment, and if you have the right programs in place, you can get into your own home with ZERO OUT OF POCKET! If you… Continue Reading

How to Reduce Your Mortgage Closing Costs

Closing a mortgage always involves closing costs which will vary from lender to lender. Even so-called “no closing costs loans” involve paying to close the loan, even if the borrower doesn’t foot the bill, someone does. If you want to reduce the cost of closing your mortgage, here are a few tips you can use.… Continue Reading

How Your Credit Score Can Determine Your Mortgage

A credit score is arguably the single most important factor for lenders when determining whether you qualify for a mortgage or not. Not only that, but your credit score will also determine what type of loan you can get when finding financing for your next home purchase. The score is important to lenders because it… Continue Reading

Limited Funds to Buy? A USDA Loan Might Be the Answer

With the uncertainty surrounding today’s mortgage market and skyrocketing prices to buy real estate, buyers are having to come up with more and more cash to cover the costs of closing and buy-down their interest rates. As of the time of this writing, the average interest rate on a 30-year mortgage is 5.95%. By comparison,… Continue Reading

Escrows & Prepaids at Closing — What You Should Know

If you are buying a home or refinancing a mortgage, you should be aware of the two most potentially expensive components of your closing costs: Escrows and Prepaids. What Are Escrows and Prepaids? Escrows are the initial amount you must put aside (i.e., pay) at closing to fund your escrow account with sufficient funds so… Continue Reading

Using the Equity in Your Home to Pay off Debt

Let’s say you’ve done your research, you want to consolidate debt, a personal loan isn’t for you, and you are comfortable using the equity in your home to pay off debt. You shop around for rates on a cash out refinance and you choose a lender. Half-way through the application process, the loan officer asks… Continue Reading