Mortgage officers play a key role in helping clients secure financing, guiding them through the myriad options when it comes to both purchasing and refinancing homes. To remain effective and responsive to client needs, a deep understanding of the…
Morty has announced the latest expansion of its marketplace as it continues to meet the affordability needs of today’s homebuyers. Morty’s marketplace now offers FHA loans, providing customers with access to more flexible down payment and credit score requirements….
The new Community Affordable Loan Solution, Bank of America’s “no-down” mortgage program, is only one of a growing number of no- and low-down payment mortgage options.
Knowing what loan options are available to you enables you to choose a loan that best fits your needs. We’ll walk through the differences between the major types and categories of mortgage loans.
Not parting with a chunk of change in the form of a down payment to buy a house — sounds like a dream, right? If you get the chance to put no money down for a home, you might…
Does shopping for a mortgage get your nerves in a tangle or give you little fizzes of excitement? The reality of shopping for a mortgage is that it will feel different than poking through online listings, driving around suitable…
Minimum Down Payment Requirements by Loan Type First, let’s take a quick look at minimum down payment requirements for FHA, conventional, VA and USDA loans. It’s important to note that some of these down payment options depend on loan…
What Do You Need to Buy a House? You’re probably ready to dive right in and start looking at available houses on the market, right? You’ll get there! First, you’ll need to have a clear understanding of the buying…
Getting a mortgage may seem like a complex task with many layers and steps involved. However, the first step to breaking down the process involves answering the most basic question: “What is a mortgage?” Understanding the very basics of…
How Much House Can I Afford? It’s often easiest to learn how much house you can afford by working backward from your monthly expenses, then determining how much you can afford to pay. In other words, add up your…