What do Loan Officers Look for When Pre-qualifying You?
The pre-qualification process can help you to discover other factors that disqualify you from obtaining a mortgage. These other factors aren’t always obvious, especially if you are a first time home buyer who had never obtained any home loan before.
What Is An Appraisal Waiver And Is It Right For Me?
An appraisal waiver gives qualified home buyers the option to decline to have an appraisal done on the property they are purchasing. Instead of a traditional home value evaluation that is done by a local appraiser, the lender will use computer calculation programs and previous home value information to determine the value of the property.
What Does 100% Financing Mean in 2020?
Looking to finance your new home in 2020? In the current housing market, there are many different mortgage products and options to choose from. 100% financing promises a no-down payment mortgage for select home-buyers. 100% financing can be a tempting mortgage option for a buyer or family without a deep savings account.
Why Do People Refinance Their Home?
In addition to being a matter of pride, homeownership is an important financial tool. Your home is an investment for the future, and with the ability to refinance, you can use it to help your financial situation under certain circumstances.
Home Buyers Guide to Working with a Realtor
Any time a home changes owners, there is a huge task list to cover for both buyers and sellers. First-time homeowners, in particular, often get overwhelmed with the logistical tasks of home buying which is why it’s important to work with a trustworthy mortgage broker and a realtor or real estate agent who is ready to walk you through the process.
Who qualifies for a VHDA loan?
Homeownership is a dream that many people feel is the unattainable goal. They worry that they do not have enough money in the bank or a high enough credit score to qualify for a home mortgage loan. In Virginia, dreams can become reality. You will be surprised by the many options and resources you have for reaching your goal of homeownership.