06 Sep 2018
By Mark Feder

4 Things You Should Know About Conventional Mortgage Rates

Mortgage
Securing the best conventional mortgage rate possible can pose a challenge for even veteran property buyers. Your mortgage rate will be determined by a variety of factors that pertain to your unique financial portfolio as well as economic forces. While no one has full control over all of the things that influence the process, understanding the manageable aspects can improve your negotiation position when securing a conventional mortgage. Consider these four things that impact how conventional mortgage rates are determined. 1: Credit Is King A borrower's credit score has a tremendous impact on the final mortgage rate. The general rule…
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19 Jul 2018
By Mark Feder

Surprising Things That Can Derail A Closing

Real Estate
Once you and the seller have negotiated an offer and you've been pre-approved for a mortgage, you might think that you are in the clear as far as your closing goes. However, that is not always the case. Many surprising things can put a halt to closing. Some may ultimately stop the closing altogether while others could simply cause a delay. Here are a few unexpected things that can derail a real estate closing: A Job Promotion  While you might know that changing employers is one way to interfere with the closing, another deal-breaker can be switching positions with your…
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21 Jun 2018
By Mark Feder

3 Programs That Allow You To Buy A Home With No Money Down In 2018

Home Mortgage
Home buyers are typically advised to put at least 20% down for a mortgage. Coming up with that amount can seem almost impossible if you have little to no money left over after paying bills each month. Fortunately, if you want to buy a house but are worried about coming up with the 20 percent down needed for a downpayment, you still have plenty of options. There are still plenty of programs that allow you to buy a home with a low down payment or even no money down in 2018.  Here are some of the best programs that designed…
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01 Jun 2018
By Mark Feder

How To Qualify For An FHA Loan

Mortgage
Borrowers who cannot qualify for a conventional mortgage are often able to obtain an FHA loan. However, to secure this type of loan, you must still meet certain requirements. What Is an FHA Loan? FHA loans are mortgage loans that are backed by the Federal Housing Administration. It is designed to help borrowers who are unable to meet the requirements for a conventional mortgage or other types of financing. These loans can be used to purchase single-family and multi-family homes. What Are the Requirements for an FHA Loan? When you apply for an FHA loan, the underwriter will consider many…
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