Do you need to buy a house during COVID-19? I know not everyone has the luxury of staying put during coronavirus--some need to go house hunting, in spite of the risks associated with in-person transactions. But I know many are aksing themselves how to find a new place to live in a pandemic? Fortunately, the housing industry has evolved to help with online closing procedures, appraisals that do not require the FHA fee appraiser to set inside the … [Read more...]
Government-Backed Mortgages Vs Conventional Home Loans
Do you know the difference between a conventional mortgage and a government-backed home loan such as an FHA loan, VA mortgage, or USDA home loan? There are two big areas some are concerned with; those areas are down payments and mortgage insurance. We’re looking at the differences between conventional and government-backed home loans with this in mind since a home loan down payment and the insurance you’ll need over the course of the loan are … [Read more...]
Down Payment Facts For Home Buyers
Down payment facts for home buyers are incredibly important; these aspects of buying and paying for a home may be glossed over in the planning stages during the initial excitement over potentially owning a home. But once a first-time home buyer starts running the numbers and figuring out how much down might be required on a conventional or FHA mortgage, it’s a sure bet that if down payment help is available it will be used. Do you know what … [Read more...]