Tips to plan for homeownership.

Tips to plan for homeownership.

Have you been thinking of purchasing a home?  Has the task seemed daunting, not attainable or too scary? We are always here to help you when you need it! Here are a few tips to help you prepare for this big financial and life move. 1)  Plan ahead. Meet with...
Does 100% financing still exist?

Does 100% financing still exist?

Yes, it does! You can still get 100% financing with two great mortgage programs! VA FinancingVA financing allows veterans to purchase a home with no down payment-you must have a VA Certificate to qualify. Rural Development – VHFA or RDRural Development also...
How Much Can The Seller Contribute?

How Much Can The Seller Contribute?

It used to be fairly safe to tell buyers that the maximum contribution that a seller could make toward the buyer’s closing costs was 3%. Unfortunately, this is no longer the case. Here’s where we currently stand: FHA is 6% regardless of down payment....
Financing Rental Properties

Financing Rental Properties

Are you thinking about becoming a landlord?   The number one question for prospective landlords is how to finance such a purchase. Typically, non-owner occupied one through four unit properties are considered ‘conventional’ loans by most Lenders,...
Low Cash, High Expectations

Low Cash, High Expectations

If you are saving for a new home, you may feel that it will take you forever to come up with the cash necessary for the down payment and closing costs. Before you delay your purchase any longer, make sure you check into the latest low down and no down mortgage...
How to Maximize Your Credit Scores

How to Maximize Your Credit Scores

Did you know that nearly 40% of all borrowers have a credit score that is too low to obtain traditional mortgage financing? The good news is that Mortgage Financial now has a system in place that allows borrowers to obtain a step-by-step outline on how to maximize...