So you want to buy a home, you have your offer accepted by the seller, the boom the lender says “no way”  Now you are very upset.  The seller is upset. You don’t get to purchase your home all because …

When taking out your mortgage loan, make sure that if offers you some flexibility.  Remember you will be experience changes in 25 years.  You may want to make extra payments, redraw those extra payments, fix the rate on part of …

Getting a mortgage broker to obtain and arrange your loan for you can save you tons of time, however you need to make sure that you get the service you want.  Make sure your mortgage broker explains in writing why …

Cnonventional is not insured or guaranteed by the federal government.  Ther are two types of conventional loans conforming and non-conforming.  A conforming loan is one that follows the underwriting guidelines of Fannie Mae and Freddie Mac. Conforming loans have 3 …

You talk to a lender and apply for the loan.  The lender does all the processing for you and you move in to your new home.  You make the payments to the company who originated the loan or your loan …

Was this title long enough for you?

Can family members be of assistance? sure! but - your lender requires it to be in the form of a “gift”.  Your lender does not want to know that you need to pay this …

The easeist way to document funds for your lender is to provide them with your bank statements.

Some lenders may send for what is called a “Verification of Deposit” which the bank gives them the information you your bank balances and …

If you have little money for a down payment, you will have a limited number of options for types of mortgages.  Even if someone gives you a gift or part of a down payment your options are still limited.

If you …