Tag: Mortgage

Frequently Asked Questions About VA Loans
Posted on 12/08/2019
Frequently Asked Questions About VA Loans
We all know that buying a home is expensive. For first-time buyers who don’t have the luxury of equity for a down payment, it can be difficult to find a way to finance your home without taking on a huge interest rate and mortgage insurance. Fortunately, loan programs like those offered by the U.S. Veterans Affairs can be a...
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What Is Mortgage Employment Verification and How Does It Work?
Posted on 12/01/2019
What Is Mortgage Employment Verification and How Does It Work?
Applying for a mortgage is a big step towards homeownership and financial independence. If it’s your first time buying a home, you might be curious (and a little intimidated) about all of the things that go into your mortgage application. When reviewing your application, mortgage lenders are trying to determine how risky it is to lend you money. If...
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Why It's Critical to Shop for Mortgage Rates
Posted on 10/20/2019
Why It's Critical to Shop for Mortgage Rates
Of course, you want to stay within your budget when buying a house. You certainly want value for your dollar. But a buyer should never lose sight of the fact what they truly desire is getting the home they want and that fits their needs. To that end, potential buyers may put in a “low-ball” offer on a...
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Strategies to Lower Your Closing Costs
Posted on 05/19/2019
Strategies to Lower Your Closing Costs
The closing cost is the last sum of money home buyers to pay after which there will be no further payment. The closing price can be surprisingly huge. This bill ranges from 3% to 6% of the mortgage. Do the math, and this means that the closing cost on a $300,000 home is around $9,000 to $18,000. It...
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