When it comes to buying a home, one of the most significant decisions you’ll need to make is how much to put down. While the traditional advice suggests a down payment of 20%, many buyers opt for less. Here are some pros and cons of putting less than 20% down on a mortgage.
Property is sold.
Highly sought-after wide and open carriage floorplan, covered driveway on desirable Tuscany Hills & within steps of the Grand Staircase and trails.
Buying a home is a big decision, and one of the most important steps is obtaining an underwritten mortgage approval from a mortgage lender. The process begins with filling out a mortgage application. Filling out a mortgage application may seem overwhelming, but with the right preparation and knowledge, it can be a smooth and straightforward […]
Before applying for a mortgage loan, it is wise to improve your credit score as much as possible.
Buying a home is a big decision, and one of the most important steps is getting a mortgage. The mortgage application process can be daunting, but it doesn’t have to be. Whether you are a first time or seasoned home buyer, you can make the process go more smoothly and reduce stress by understanding what […]
If you are planning to buy a home, you might be wondering what are mortgage closing costs and how much they will affect your budget. Mortgage closing costs are the fees and expenses that you pay when you finalize your home loan. They can include things like appraisal fees, title insurance, origination fees, recording fees, […]
One of the biggest decisions you will need to make as a home buyer is whether to choose an Adjustable Rate Mortgage (ARM) or a fixed-rate mortgage. Both types of mortgages have their pros and cons, and the choice largely depends on your individual financial circumstances and goals. Fixed rate mortgages have an interest rate that […]
Are you thinking about buying a new construction home? If so, you may be wondering whether to buy a new construction home or a resale home. There are many reasons to buy a new construction home over a resale home. Here are a few of the most common: Of course, there are also some disadvantages […]
There are many steps and participants involved in order to successfully close a mortgage loan. Here is a slide that summarizes the roles and steps.