5 Key Benefits of USDA Home Loans
usda home loans
Jumbo Borrowers
What does the profile of a Jumbo borrower look like? A Jumbo borrower is anyone purchasing a home outside of the conforming limit as set by the Federal Housing Finance Agency. Home prices are different across the country, and the limits for conforming and non-conforming homes can be too. Currently, the limits are $726,200 for…
Real Estate Investor (Borrower) – A Detailed Guide
Real estate investor borrower Profile look likes? Real estate investor: Any borrower buying their first investment property or a seasoned investor growing their real estate portfolio who are experienced in purchasing, renting, and managing rental properties. The majority of these borrowers are familiar with up-to-date market conditions, real estate trends and have already closed loans…
DSCR LOAN A Non-QM (Non-Qualified Mortgage) All Explained
What is a DSCR loan? A DSCR loan is a NON-QM (non-qualified mortgage) or non-QM is a loan for borrowers who cannot meet the guidelines of an Agency or a qualifying mortgage (QM). An example is a self-employed borrower who cannot qualify using their tax returns. They need an alternative solution such as a Bank…
Should I buy A home now? How to know
Should I Buy a Home now? How to know when I’m ready to buy a house ?: Do you enthusiastically pore over home listings on online platforms in your spare time? Is driving around looking for For Sale signs your idea of a perfect Saturday afternoon? If so, you may be ready to buy a house. Here…
What Is the Average Down Payment for a Home?
Average Down Payment for a Home: One of the biggest hurdles to homeownership is saving up the all-important down payment. It can impact how much house you can afford, what types of loan you use, and how long you need to wait to become a homeowner. So what is the typical down payment amount for…
Negotiating a House Price as a Buyer
Negotiating a House Price: Buying or selling a home often comes with some negotiation. In fact, it is expected and normal for both parties to set a price higher (seller) or make an offer lower (buyer) than they are ultimately willing to accept. If you are the buyer, here are a few tips to help…
How to Get Your House Ready to Sell
Get Your House Ready to Sell: You’ve mastered the process of home buying, but are you ready to be a seller when it’s time to move out? Believe it or not, selling your home can be just as much work as buying. Here is a handy checklist to get your house ready to sell. Talk…
How Long Does It Take to Buy a House?
How Long Does It Take to Buy a House: The home buying process is exciting but can be lengthy, especially if you have a purchase fall through and have to start over. How long should you expect it to take to buy a home from start to finish? How Long Does It Take to Buy…
Buyer’s Market or Seller’s Market – Everthing you need to know
Buyer’s Market or Seller’s Market: Being a savvy real estate buyer or seller requires that you know and understand the market conditions. This includes the types of home, comparable purchases prices, and so much more. But one of the most important factors to understand is where you are in a buyer’s market or seller’s market….
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