Construction and Permanent Loans Explained

There are different types of home loans available that fall into various categories. There are fixed rate loans and adjustable rate loans. Loans for owner occupied properties and loans for rentals. There are loans for a purchase and loans for a refinance. The list is really quite extensive. Two others are construction and permanent loans.…

The VA Streamline

VA loans, for those eligible, are the ideal option when coming to the closing table with as little as possible is a primary goal. VA loans don’t require a down payment whatsoever and one of the few zero-down options in today’s mortgage marketplace. The VA loan program also carries with it an inherent guarantee to…

What Kinds Of Mortgages Are Available?

Once you have signed a contract for the purchase of your new home (or condominium or cooperative apartment), and assuming you do not have all of the cash in your bank account, you will need to obtain a mortgage loan. There are many different loans on the market – and many different loan programs from…

What to Expect When Getting Pre-Approved

Getting “pre-qualified” today when preparing to buy a home is so 80’s. Getting pre-qualified then meant talking to a loan officer over the phone or in an office and having a conversation about various aspects of your financial life. The loan officer asks about your job, how long you’ve worked there and how much money…

Mortgage Broker Q&A

1. What does a mortgage broker do? A professional mortgage broker originates, negotiates, and processes residential mortgage loans on behalf of their clients. 2. What are the benefits of using a mortgage broker? A mortgage broker represents your interests rather than the interests of a lending institution. They act not only as your loan officer,…