Tag: Financing

Posted on 04/27/2021
Is Owner Financing Right for You?
Photo by SHOP SLO® on Unsplash Selling a home requires a lot of decision-making. One of those decisions concerns financing, and there are numerous options available to both sellers and buyers. Real estate negotiations can be confusing, but there are some unconventional ways to finance a deal, and owner financing, for some buyers and sellers, can be the...
Home Refinancing
Financing
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Posted on 04/20/2021
What is a Jumbo Loan?
Photo by Bruce Clark from Pexels The Federal Housing Finance Agency (FHFA) limits how much you can borrow to buy a house. If you want to take out a mortgage that is above the limits, you have to apply for a jumbo mortgage. As of mid-2019, the limits were increased to $484,350 for most of the country. Some...
Buyer Tips
Financing
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Posted on 11/17/2020
Selecting the Right Financing for Your Home
Photo by Vlada Karpovich from Pexels While your credit score will play a role what your mortgage interest rate will be, there are also various types of loans that can increase or lower your monthly mortgage payment. In general, there are two specific loan types, adjustable rate loans, known as an ARM and fixed rate. However, within these...
Financing
Home Loan
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Posted on 09/22/2020
Should You Finance with a Credit Union?
Image by Pete Linforth from Pixabay Property buyers today may think of a credit union as an alternative form of lending and ultimately meant for people who don't fit the stereotypical borrower. But this assumption may a little unfair once you learn the facts. Credit unions present several unique opportunities that you simply won't find anywhere else. We'll...
Financing
General Finance
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Posted on 09/15/2020
Quick Guide for Home Financing for Freelancers
Photo by 200 Degrees via Pixabay The gig economy has exploded over the past decade. Today, around 36% of the US workforce is freelancing and many more or self-employed small business owners. While being your own boss does afford you great freedom to set your hours and often work where you want, you may face extra scrutiny when...
Mortgage
Financing
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Posted on 05/26/2020
Types of Home Financing
Image by Credit Commerce from Pixabay Finding financing for a home could be as simple as applying for a conforming FHA loan or it could be as difficult as having to locate a portfolio loan or even a combo loan. What you need depends on the real estate you are buying. Most people buying a primary residence get...
Financing
Loan
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