See this flyer for one of the most popular loan products for homebuyers. This product is a conventional loan, which allows for a 5% down payment which can be satisfied 100% from gift funds. There … [Read more...]
97% Conventional Financing is Back
Just over a year ago, Fannie Mae (FNMA) discontinued its loan program allowing borrowers to purchase a home with just 3% down, thereafter requiring a minimum of 5% down to qualify for conventional … [Read more...]
Condo Mortgage Infographic
Embed this infographic on your site: Source: Condo Mortgages - Inforgraphic by Marimark Mortgage About The Infographic It's more difficult to qualify for a Condo Mortgage than a single family … [Read more...]
4 Phases of the Mortgage Approval Process
The mortgage approval process consists of four phases which are often confusing to borrowers: Pre-Qualification, Pre-Approval, Conditional Approval, and Clear to Close. #1 Mortgage … [Read more...]
What You Should Know About Condo Mortgages
If you are in the market to purchase a condominium, it is important to understand that the mortgage process for financing a condo is different than that of a single family home. Recent changes to … [Read more...]
5 Things You Should Know When Considering Delayed Financing for a House
Many investors, and even sometimes individuals buying property for their own use, don’t have the ability to wait for the 30 days or more that it can take to get a mortgage to buy a property. In that … [Read more...]
3 Lessons From Former Fed Chairman Bernanke’s Mortgage Refinance Problem
Buying a house and paying a mortgage is one of the biggest things that impacts personal finances. So if you want to keep up with what's happening with your money, watch what people are talking about … [Read more...]
4 Tips to Determine How Much Mortgage You Can Afford
Whether you're a first-time homebuyer, or thinking about upgraded to a more expansive house, you'll need to be aware of how much you can afford to pay for a home. So here are 4 tips to help you … [Read more...]
3 Tips to Turn a Mortgage Rejection into an Approval
If you have been declined for a mortgage, you may think that buying that new home is out of reach. However, there are ways to turn a rejection into an approval and to find a more accessible loan. Here … [Read more...]
3 Reasons to Make Bi-Weekly Mortgage Payments
Though there are different thoughts about whether a person should pay off a mortgage early, often times the money-saving benefits to making bi-weekly mortgage payments outweighs the negatives. Here … [Read more...]
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