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What are home equity loans, and what can they do for you? Home equity loans. We’ve all heard of them. But do you know what they are and how they work? Here’s a short guide to help you break down the process. What is home equity? Simply put, ” home equity” refers to the …
Delayed Financing is a cash-out refinance option that can begin as early as one day after paying cash for a Primary, Second Home, or Investment property? In competitive markets, listed homes may only be available for a few days—maybe only hours. Buyers need to make solid offers and deliver on agreed terms. Being a cash …
Fannie Mae’s “Delayed Financing:” Pay CASH for your home today, then CASH-out tomorrow! Read More »
Know the difference Many potential borrowers still get drawn into the mistaken perception that once a lender issues them a Pre-Qualification for a mortgage, this means that they have been approved for a home loan. Most home buyers fail to make the proper distinction between being Pre-Qualified for a mortgage and being approved for one. …
Pre-Qualified vs. Pre-Approval…do you know the difference? Read More »
Central bankers meet but aren’t skiing in this week’s Markets in a Minute! Rates may be quiet, but housing stats are making moves. Check it out! Here is a quick overview of this week’s Markets in a Minute Economy: Mortgage rates stable do to little economic news this week. Low inflation remains a concern. Fed …
Central bankers meet but aren’t skiing in this week’s Markets in a Minute! Read More »
A 5/5 ARM maybe the option your client’s need. Be sure to watch the video below to learn more. Low initial ARM rate stays fixed for 5 years before it can adjust, then it’s fixed for another 5 years that’s two adjustments within 15 years | Rate can only adjust by a maximum of 2% …
Why rent when you can own? Know your mortgage options NMLS#197135 The Mortgage Network, 303-394-2121
The 1% Down CONVENTIONAL program is great for First Time Homebuyers! Call me, TODAY, and get more familiar with our NEW CONVENTIONAL 1% Downpayment program. It may be just what you need. Be sure to click on the video below to learn more. This program is a GREAT option for first-time home buyers–especially those …
Move In to your NEW Home with ONLY a 1% Downpayment Read More »
Mortgage Basics: Variable-Rate Mortgages A variable-rate mortgage, also commonly referred to as an adjustable-rate mortgage or a floating-rate mortgage, is a loan in which the rate of interest is subject to change. When such a change occurs, the monthly payment is “adjusted” to reflect the new interest rate. Over long periods of time, interest rates …
Mortgage Basics: Costs People generally think about a mortgage in terms of the monthly payment. While that payment represents the amount of money needed each month to cover the debt on the property, the payment itself is actually made up of a series of underlying expenses. The down payment and closing costs must also be …
Mortgage Basics: The Amortization Schedule The amortization schedule for a residential mortgage is a table that provides a breakdown of the schedule of payments from the loan’s first required payment to the loan’s final payment. It details the amount of principal and the amount of interest paid each month. The amortization schedule is one of …
