academymortgagemesa: Use Family Money As A Down Payment.
- 09/24/15 03:33 AM
Buying a home can prove expensive, and many home buyers don't necessarily have a lot of money saved up for making a down payment. However, most lenders aren't particularly interested in taking risks on unqualified borrowers, so there is a need to prioritize saving up for a sizeable down payment. Thus, home buyers may turn to their friends, family, or other sources to try to make up the difference. Whether or not you can use family money to make your down payment depends on a number of different factors. Let's take a look. The Amount Of Money The amount of money you can realistically receive as … (0 comments)
academymortgagemesa: VA Loan (Veterans Loan)
- 09/22/15 08:37 AM
If you are a Veteran or a current member of the U.S. military, you may qualify for Academy Mortgage’s VA Loan Program, which currently offers up to 100% home financing. A VA Loan can be a great option, especially if you have limited funds for a down payment or closing costs or if you prefer to keep cash reserves for other investments and expenses. Zero money down No monthly mortgage insurance Gifts and home-seller contributions accepted towards closing costs Eligibility determined by Veterans Administration certificate of eligibility We are proud to have the ability to offer our Veterans the opportuinity to become … (0 comments)
academymortgagemesa: The Importance of a Pre-Qualification Letter
- 08/31/15 03:13 AM
Before you begin the process of finding a new home it is important to obtain a pre-qualification (PQ) letter. A large portion of new home buyers do not understand the importance of completing the PQ. Educating new clients on the importance of this step should be started by the referring Realtor. There are a number of reasons to obtain the pre-qualification letter upfront. Displays your commitment to Realtors and Home SellersGetting your financial position in order shows Realtors you are committed to purchasing a new home. It also communicates to your Realtor a general time line on when your looking to purchase. Having a PQ letter … (0 comments)
Buying a home can prove expensive, and many home buyers don't necessarily have a lot of money saved up for making a down payment.
;)
;)
