Understand What “Rent to Own” Really Means, and Decide If It’s For You. Most “Rent to Own” deals are in fact Lease/Option deals. A Lease/Option typically where you pay an upfront “down payment”, which is in fact an “Option” purchase.
Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate! Interest rates hovered around 4% for the majority of 2017, which gave many buyers relief from rising home prices and helped with affordability. In the first quarter of
In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show
Why is there so much paperwork mandated by the lenders for a mortgage loan application when buying a home today? It seems that they need to know everything about you and requires three separate sources to validate each and every entry on the
A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be
The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The results of the survey
Lenders want to give you a mortgage, but they also want to minimize their own risk. The easiest way to retard risk is by using your credit scores to make… Read the entire article here: http://ift.tt/2bUcNij
The home loan (mortgage) process is a journey. This short video by Fannie Mae helps explain the things a lender will look at to determine if you qualify for a home loan, and for how much they are willing to
Introducing HomeReady® Mortgage from Fannie Mae HomeReady® is a mortgage designed to meet the diverse financial and familial needs of responsible, creditworthy buyers. Only 3% down, can have non-resident co-borrowers, and more For more information, call (405) 590-6563 today!
“How much house can I afford?” is a question we hear frequently from those looking to purchase a new home. The mortgage you can afford depends on many factors, including your target monthly payment, annual income, and down payment amount.