-Some don't need the ocean view. -Some don't need the 4-car finished garage. -Some don't need the extra bedroom/home office. -Some don't need the picket fence or landscaped lawn.
-Some do need their first home and don't have a down payment. -Some do need a lender credit to help with closing costs. -Some do live, or will live, in eligible census tracts. -Some do believe in the American Dream.
If you've been conditioned to think that only eligible veterans can finance a home without a down payment, or if you've been told that in order to purchase … (8 comments)
If you own a home and you have a mortgage, homeowner's insurance will be a fact of life. But in this short video, we cover what kinds of coverage you're required to take when you buy a home, as well as some of the other types of policies that exist and where and when they may be required.
Sure, your lender is not an insurance professional, but together with your carrier of choice we can help you make sure that your risks are covered.
Why go home to your grungy apartment when you can buy your first home instead? Oh, what's that? Haven't saved the full 20% down payment? Live in a part of the country where home prices and loan sizes easily outpace the capacity of conforming, FHA and even VA loans?
Let's learn how to rock the best of the 10% down jumbo mortgage options, some without PMI, and jam on why with a changing real estate market, you may be in luck with half the down payment you thought it might otherwise take. Jeremy's spoken,
You've decided to make the leap and enter the real estate market as a buyer. You've been looking at homes online, the temptation has become too strong and you realize it's time to hit the street and actually start looking at properties. Your Realtor almost immediately informs you that not only will she not participate in your search before she knows you're pre-approved, but also that in this pandemic day and age, without a pre-approval letter no serious listing agent will even let you step foot in the home for a viewing. And so you … (15 comments)
Ever since the woebegone days of Greenpoint Mortgage's 400+ page rate sheet (and those who remember are laughing right now...) we in the mortgage lending industry have become accustomed to recognizing that not every borrower and not every scenario will fit exactly in the credit box. That's just been a reality of the post-Dodd-Frank era. Lending solutions rarely "check all the boxes" and I hear myself reminding clients, not infrequently, to "not let the perfect be the enemy of the good."
So you can imagine that when we start talking about jumbo loans and lower down payments AND … (3 comments)
In psychology, projection is a form of defense in which unwanted feelings are displaced onto another person, where they then appear as a threat from the external world. Now in a minute, I am going to ask you to relax and tell me a little bit about how you feel about down payments. Specifically those that equal less than 20% of a home's purchase price. We'll analyze if you're projecting your own beliefs, right or wrong, onto reality.
Just for a little background, in mortgage lending, we are not immune from projection. This happens all the … (4 comments)
If you're like me, you probably find that there are some recurring instances in your day-to-day interactions that make you realize what is obvious to you may not be so obvious to those you serve. A question I get frequently from those shopping for a home and going through the process of mortgage pre-approval is, "How long is my pre-approval good for?"
And yes, even in 2015, where the CFPB has held our industry's feet to the fire in an attempt to shoehorn inherently complex transactions into consumer experiences that are simple, black and white and … (18 comments)
How a First Time Homebuyer Can Buy a Home with No Money Down
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