How Much Is a Down Payment for a House? 5%, 10%, 20%? How much is a down payment for a house? If you’ve dipped any toes into the water of homeownership, you have probably asked yourself this question. Making a down payment on a home is an important step, but it can… Read Full Article Share FacebookTwitterLinkedIn
Our Millennial Home Lending Review Two of the biggest questions we hear when it comes to the housing market these days: Can millennials buy homes? Are millennials buying homes? Short answer: yes, they can, and yes, they are. Millennials, the generation defined as those born… Read Full Article Share FacebookTwitterLinkedIn
Low Down Payment Mortgage Options It’s no secret that one of the biggest challenges in getting approved for a home mortgage loan is coming up with that hefty down payment. Traditional down payments of 5%, 10% and even 20% cost would-be homebuyers a lot of… Read Full Article Share FacebookTwitterLinkedIn
What Is a Land Lease? A land lease, or ground lease, is a agreement in which a lessee owns entities or improvements in a designated area, but doesn’t own the actual land. This is popular in commercial properties, beach-front properties and mobile home parks. A… Read Full Article Share FacebookTwitterLinkedIn
What Is a High-Balance Loan? A high-balance loan — also referred to as a conforming high-balance loan or a super-conforming loan — is given to home buyers in high-income areas. It exceeds national conventional loan limits but meets local loan limits. Unlike jumbo loans, high-balance… Read Full Article Share FacebookTwitterLinkedIn
Mortgages 101: Fixed-Rate Mortgages vs. Adjustable-Rate Mortgages When shopping for a mortgage, you should first understand the two main options that are available: fixed-rate mortgages or adjustable-rate mortgages. Adjustable-rate mortgages are known for their low initial costs, while fixed-rate mortgages have a reputation for providing borrowers with… Read Full Article Share FacebookTwitterLinkedIn