Mary talks about closing cost estimates, and about the things you should know if you are shopping for a home or refinancing your mortgage. Mary shows you what to be watching out for when shopping … [Read more...]
Save Money with a Piggyback Mortgage
In this video, Mary explains how borrowers can save money by using a piggyback mortgage, which is sometimes called an 80/20 loan. Two common savings when using a piggyback mortgage come from … [Read more...]
The Difference Between Financing a Condominium Versus a Single-Family Residence
In this video, Mary shares information about the misconceptions and challenges of getting a mortgage for a condominium. Though it can be more difficult to qualify for a condo mortgage, some of the … [Read more...]
How Much Can You Afford to Pay for a Home?
Answering the question, "How much home I can afford?" is not easy, because the answer varies from person to person. So in this video, Mary Catchur gives an overview of what you should consider when … [Read more...]
Popular Benefits of a Reverse Mortgage
There are several benefits of a reverse mortgage, such as elimination of your monthly mortgage payment, and getting cash out of your home for anything you might need. In this video, Mary Catchur … [Read more...]
Mortgages for High Net Worth Borrowers – You Must Show an Income
High net worth borrowers who buy a home and finance it with a mortgage may think their assets are sufficient to qualify for the loan. However, they must show an income stream to qualify for the … [Read more...]
Homebuyer’s Earnest Money Deposit Must Be From an Allowable Source
The earnest money deposit is very important to a real estate transaction. This is the money a homebuyer pays to the seller when making an offer, to show that the offer is serious. The earnest money … [Read more...]
Why did my neighbor get a better mortgage rate?
There are numerous reasons some people get a better mortgage rate, including their credit score. Other factors that can impact the mortgage rate you'll receive include the loan-to-value (LTV), type … [Read more...]
Advantages of Buying a Home with a Renovation Mortgage
There are numerous advantages to buying a home with a renovation mortgage. Homebuyers can purchase a property that needs renovation, and add funds for the renovation to the mortgage. One of the … [Read more...]
Conventional 1% Down Payment Mortgage – The Lender Contributes 2%
It's not always easy to find a low down payment mortgage, especially if you would like to avoid the high cost of mortgage insurance (MI). But now, qualified borrowers can get a conventional … [Read more...]
