Want to Know a Secret? A study done by Trulia relieved that the condo market climbed by 38.4% from 2012-2017. Single family residences however, only rose by 27.9% in the same time frame. Interesting huh? With more people interested in…
Yes, according to the USCIS December 4, 2018 Dani Hernandez Ask the Underwriter is a regular column for HousingWire's LendingLife newsletter, addressing real questions asked to, and answered by, professional mortgage underwriter, Dani Hernandez. Question: Are DACA borrowers considered to be lawfully present in the United States,…
Wouldn't it be Great if Someone Paid for Your Down Payment? According to a study by Zillow, 67.9% of renters cite saving for a down payment as the largest barrier to buying a home. Good news: There are many programs…
No, I don’t mean collecting sweat. That would be gross. However, you can use labor as a form of down payment. Let’s face it, buying a home can be costly. First, there is financing for the new home, then there’s…
Stop the presses! There's a charge for mortgage insurance on my quote. You just got a quote from your loan officer and you are looking over the estimated monthly payments of a mortgage when you see a monthly charge for…
Are you interesting in updating your home? Do you have an idea of what your dream house looks like? With the rise of home prices, many people have found that picking up a fixer home both saves money and gives…
If it’s one thing both buyers and sellers hate about financing a home purchase is the time it takes to close. The typical story starts with finding a home, falling in love, making an offer and then waiting…waiting…and more waiting…
When shopping for a home, a buyer has two options when it comes to securing a loan. To go with a mortgage broker or a direct lender. Some people don’t know the difference between the two and which one is…
Are you looking for home at 0% down payment but aren’t a military veteran? Then I have great news for you! USDA offers a loan program for those looking to purchase, refinance or rehabilitate a home that is located in…
When getting ready to purchase a home, it’s a good idea to find out what the loan limits are for conforming loans. The reason it is important, especially in states like California with high cost areas, is because it…
