12 Mortgage Terms You Should Know
Going through the mortgage and home buying process can be stressful. Part of that stress is the unknown. Not knowing what to expect. Not knowing the terms being used. Today I…
Conventional 0% Down
Did you know there were Conventional Loans with 0% down?! I've got two: Metro Mortgage Assistance Plus: Conventional 3% Down (I thought you said 0% down!? I did, check out…
Giant, Huge,…JUMBO
We're in a crazy market none of us have seen before. I shared a customer experience about the different options for the higher purchase price buyer. Well, what if we…
To Jumbo or Not to Jumbo?
This information is easiest to explain through an actual experience with one of my customers... I just recently got a call from a past customer of mine. He desperately needed to…
3% Down Conventional Loan Options
Last week we mentioned the Home Ready loan program but some of our customers don't not fit best in that particular loan option. There are some other 3% down Conventional…
Are you Ready for “Home Ready”
G'day mate! (I don't know why I went Australian on you there.) Last week's post on NHF being suspended triggered a lot of questions about available alternatives. We mentioned two in…
NHF is Gone?!
We just received a notification about the National Homebuyer Fund (NHF) down payment assistance program and wanted to keep you informed. NHF is one of the most popular down payment…
Does Refinancing Really Make Sense? Calculate It!
Refinancing always sounds like a good deal when you can reduce your interest rates and monthly payment son your mortgage but does it always make sense to refinance your mortgage?…
Mortgage Brokers vs Mortgage Bankers
Not all lenders are created equal. Knowing the difference between the different types of lenders and how those differences impact you could save you money and provide you with more…
Good Faith Estimate Explained
The Good Faith Estimate, also known as a GFE, shows the interest rate, term, loan amount, and all settlement costs on a particular loan. The Good Faith Estimate is divided…