What questions do homeowners need to consider before refinancing? Homeowners should consider these questions: What should homeowners look for when comparing refinance offers? They need to look at the interest rate to see if it is fixed or adjustable. What are the total refinancing costs, including points, underwriting, processing fees, third-party fees (IE appraisals), title, attorney fees, etc.? They should […]
Most if not all construction loans require 20% down. There are look alike construction loans That follow conventional, FHA, USDA & VA guidelines. This means you could build a home with zero money down if you are a veteran or qualify for a USDA loan. Conventional construction loans will allow 5% down payment. FHA construction loans will allow 3.5% down […]
You can now put down 5% when buying a 3-4 unit with a conventional loan not FHA. The guideline recently changed from 20% down to 5% down. If you already have an FHA loan or the property cannot qualify for an FHA loan or if the seller is not willing to accept an FHA loan this is another option with […]
Have you thought about buying a property and flipping it or keeping it as a rental property. Now you can do it even without experience. There is no minimum score required for this loan. You can finance 100% of the rehab cost. Loan sizes range from $50,000 to $10,000,000 depending on how much money you have. We will finance up […]
A VA IRRL mortgage allows you to lower your interest rate on you current VA mortgage without showing any proof of income, assets, credit score or value. This loan will allow you to lower your interest rate and save money on your mortgage payment. You can either do a no cost VA IRRL or you roll your closing costs into […]
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