by David Steinbrugge
Overtime Income and Your Mortgage: Decoding Fannie Mae and Freddie Mac Guidelines Planning to buy a home and rely on overtime income to beef up your qualifying amount? It’s crucial to understand how mortgage giants Fannie Mae and Freddie Mac view this extra...
by David Steinbrugge
Buying your first home is a big deal – it’s exciting, but also a little scary. One of the biggest questions right now is: is it a good time to buy? With mortgage rates higher than they’ve been in a while, it’s natural to wonder if it’s better...
by David Steinbrugge
Navigating the World of Assumable Mortgages: A Homebuyer’s Guide When it comes to buying a home, the financial aspects can be as complex as they are critical. One option that might not be on every buyer’s radar is the assumable mortgage. This financial...
by David Steinbrugge
But FHA requires 3.5% down David? Yes – but with this program the lender will finance the 3.5% down as a 2nd mortgage under their Downpayment Assistance Program (DAP). There are some caveats and conditions and. small print of course: No debt to income ratio max...
by David Steinbrugge
An Incredible Opportunity To Help With Home Affordability. It’s exciting when a loan product can help you can offer a Conventional 1% Down program – and we can! When income-qualified borrowers put 1% down, our lender pays an additional 2% toward the down...
by David Steinbrugge
Great Question! A temporary rate buydown is a way to lower the interest rate on a mortgage for a short period of time, usually one to three years. This can make the monthly payments more affordable for the borrower, especially in the beginning of the loan term....
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