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Conventional Mortgage, 5% Down Payment, 100% from Gift Funds

May 20, 2015 By Mary Catchur

Conventional Mortgage, 5% Down Payment, 100% from Gift Funds

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...]

Filed Under: Mortgages

97% Conventional Financing is Back

January 6, 2015 By Mary Catchur

97 Percent 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...]

Filed Under: Mortgages Tagged With: 97% Financing, Conventional Mortgage

Condo Mortgage Infographic

December 12, 2014 By Mary Catchur

Condo Mortgages

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...]

Filed Under: Mortgages Tagged With: Condo Mortgage, Infographic

4 Phases of the Mortgage Approval Process

December 9, 2014 By Mary Catchur

Mortgage Approved

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...]

Filed Under: Mortgages Tagged With: Mortgage, Mortgage Approval

What You Should Know About Condo Mortgages

November 25, 2014 By Mary Catchur

Destin Point Condos

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...]

Filed Under: Mortgages Tagged With: Condo, Mortgage

5 Things You Should Know When Considering Delayed Financing for a House

October 21, 2014 By Mary Catchur

Real Estate Game

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...]

Filed Under: Mortgages, Refinance Tagged With: delayed financing, home mortgage, property investors

3 Lessons From Former Fed Chairman Bernanke’s Mortgage Refinance Problem

October 13, 2014 By Mary Catchur

Ben Bernanke.

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...]

Filed Under: Mortgages Tagged With: mortgages, social media

4 Tips to Determine How Much Mortgage You Can Afford

October 2, 2014 By Mary Catchur

Custom Home

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...]

Filed Under: Mortgages Tagged With: Mortgage Affordability, Mortgage Financing

3 Tips to Turn a Mortgage Rejection into an Approval

September 24, 2014 By Mary Catchur

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...]

Filed Under: Mortgages Tagged With: Mortgage, Mortgage Acceptance

3 Reasons to Make Bi-Weekly Mortgage Payments

September 17, 2014 By Mary Catchur

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...]

Filed Under: Mortgages Tagged With: Biweekly Mortgage Payment, Mortgage

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    Refinancing with Mary an absolute pleasure

     
    Refinancing with Mary has been an absolute pleasure. I have never been through the process before and she took the time to explain each step. She was prompt (had a rate locked in right away) and most importantly always answered the phone or emails almost immediately! The communication line alone made the refinancing process every bit worth it. Would recommend to anyone, and will be back for any future purchases! Bret Brennan, March 2021
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    Tampa, FL 33647-1328
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