What is in a APR?
Is the lowest interest rate always better? I get asked what is the difference between the interest rate and APR all the time but recently I wasworking with a client who was hesitating to work with me because another lender had quoted them aninterest rate lower than mine. So low I didn’t believe it to […]
What is Mortgage Insurance?
Mortgage insurance is a specialized protection for the lender -not the buyer- in the event that you areunable to make your mortgage payments, for any reason. If you fall behind, your credit score may suffer,and you could stand to foreclose on your home. Who needs Mortgage Insurance? Typically, borrowers making a down payment of less […]
What is an Annual Escrow Account Analysis?
If you have purchased a home or been in the market, you have probably heard the term “escrow” thrown around a lot. If you have never had to actually deal with it, the entire subject might be a little fuzzy. Escrow is a separate account from a mortgage account where the deposit of funds takes […]
Zero Down Payment Assistance Program
We recently helped a young couple achieve their dream of homeownership through our exclusive 0% Down Payment program. This enables this young couple to purchase their first home without a hefty down payment. They had been renting for years and saving diligently for a down payment. Rising living costs and student loan debts made it […]
Buy Before You Sell
About a year ago, we met Nathan, who was looking to upgrade to a new home. Although he liked his current, it lacked certain features that he and his wife desired. They were also contemplating moving in with his in-laws, which added to the intricacy of finding a perfect home. Nathan identified several houses that […]