Reading Time: 3 minutes This Article Is About Gift Funds For Down Payment On House Purchase HUD, the parent of FHA, allows gift funds for the down payment on house purchase: The Federal Housing Administration allows a home buyer applying for an FHA loan to get 100% of their 3.5% down payment on home purchase via gift funds from…
Reading Time: 3 minutes This BLOG On Lenders Requiring Verification Of Rent For Mortgage Was UPDATED And PUBLISHED On February 13th, 2020 Lenders Requiring Verification Of Rent: Mortgage Loan Applicant applying for a new purchase or refinance mortgage loans, the lender may require mortgage lenders require verification of rent. There are two ways that the Verification Of Rent is…
Reading Time: 6 minutes This Article Is About Choosing Conventional Versus FHA Loan Is Necessary Choosing Between Conventional Versus FHA Loan? What is the difference between Choosing Conventional Versus FHA Loan? FHA Loans are by far the most popular loans today. Here are the basics of FHA Loans: FHA Loans are residential mortgage loans that are originated by lenders…
Reading Time: 5 minutes This ARTICLE On First Time Home Buyers Advice Was PUBLISHED On November 18th, 2019 Buying your first home is a very exciting time. A home purchase is most people’s largest investment in their lives Many plans many months and/or years to prepare to buy their first home One of the most commonly asked First Time…
Reading Time: 3 minutes This BLOG On Condotel And Non-Warrantable Condo Mortgage Loans Was UPDATED On October 29th, 2018 Condotel and non-warrantable condo units are becoming increasingly popular in Florida and other parts of the country. Condotel and non-warrantable condo mortgage loans are now available for primary, second/vacation homes, and investment homes mortgage loan programs Condotel and non-warrantable condo mortgage…
Reading Time: 4 minutes This BLOG On Condominium Loans Mortgage Lending Guidelines Was UPDATED On April 23rd, 2019 Mortgage lenders view condominiums loans differently than single family home mortgage loans. Condominiums are considered riskier investments than townhomes and single-family homes Many first time home buyers gravitate towards condominium purchases as their first home purchase Main reason is due to the…
Reading Time: 4 minutes This BLOG On Hard Money Lending In Chicago For Real Estate Investors Was UPDATED On November 21st, 2018 Who’s Real In The Hard Money Lending Realm As a managing partner of Investor relations, it is my responsibility to explain and offer up information about hard money lending in Chicago that will educate or inform our potential…
Reading Time: 3 minutes Why hire a real estate agent? Why not sell or buy a home FSBO (for sale by owner) and save thousands of dollars in commissions? The biggest reason to sell your home yourself is the commission savings. If you work with an unrepresented buyer, you can save 6%. You have more control over your marketing,…