![]() |
Mortgage Information for the First Time HomebuyerInflation in the United States is increasing rapidly and home prices are soaring! There are millions of american families that are unaware of the many mortgage programs that are available for first time homebuyers. There are many types of mortgage finance programs available to first time homebuyers. I will discuss a few of them. VA Guaranteed mortgages provide 100% financing for veterans that are active or non active duty with the United States armed forces. Even though there are closing costs associated with this type of mortgage, through a properly written sales contract, the closing costs can be paid by the seller of the property. FHA Mortgage: FHA mortgages are available to qualified applicants with little or no credit history, as well as applicants that might have a few blemishes on their credit history. FHA mortgages provide 97% financing. In many cases, gift funds can be used by the borrower(s) to avoid having to make a down payment. Conventional Mortgage: There are numerous conventional mortgage programs available. There are many that provide home buyers with 100% of the funds they need to buy a home. There are programs available for borrower(s) with all types of credit ratings. There are programs for W2 wage earners and self-employed borrowers. There are even programs for borrowers who have suffered through past credit woes and wish to get their life back track and a home for their families. Be careful when choosing a mortgage company. Interview the loan officer and research the company to be sure that you have chosen a reputable company that will work in your families best interest. Ask your loan officer about fees for his services and reuest that they provide you with a Good Faith Estimate of settlement charges. Buying and owning real estate is a way to build wealth and hep keep up with escalating home prices. Be smart! Research the market that you plan to buy a home in. Select a lender that you feel comfortable with and let him or her help you select a realtor that will represent your best needs. Visit our website at www.thebestmortgageguy.com Glenn Keller is associated with Affordable Home Funding of whom is a multi-state mortgage company. Glenn has a numerous amount of years experience in Conventional, FHA and VA lending. Affordable Home Funding has locations throughout Georgia. Glenn is located at 1204 Hospitality Ave., Suite E in Kingsland Georgia. Visit my website at http://www.thebestmortgageguy.com The content of this article is based on the knowledge and experience of its author.
When Should You Refinance an Adjustable-Rate Mortgage? | Mortgages and Advice | US News U.S News & World Report Money Credit Conditions in the Pandemic Mortgage Market Federal Reserve Bank of San Francisco Cash-Out Refinance vs. HELOC: Which Should You Choose? Business Insider U.S. Housing Hold-Ups Put Thousands of Jobs on the Line U.S News & World Report Money 5 Best Ways to Use a Home Equity Loan | Mortgages and Advice | US News U.S News & World Report Money Refinancing slips out of fashion in Pittsburgh, while borrowing against home equity makes comeback Pittsburgh Post-Gazette Does It Ever Make Sense to Buy a Home if You Have Bad Credit? The Motley Fool 3 Ways Rising Property Values Are Actually Bad for Homeowners Business Insider The Housing Market Is Slowing Down, But Buying a Home Isn’t Getting Easier. Here’s Why - NextAdvisor Refinance Calculator Bankrate.com Trends in Mortgage Refinancing Activity Freddie Mac Today's refi rates move up | June 2, 2022 Bankrate.com Today’s mortgage refinance rates: Steady shorter terms offer best savings chances | March 17, 2022 Fox Business When to Refinance Your Mortgage Business Insider Refinancing a reverse mortgage: What to know Fox Business Today's Mortgage, Refinance Rates: June 18, 2022 | Rates Remain High After Recent Spike Business Insider How to refinance your mortgage, a step-by-step guide The Washington Post The Mortgage Refinance Rush Has Cooled, But HELOCs Can Unlock Housing Wealth Hawaii Business Magazine Today's Mortgage, Refinance Rates: June 22, 2022 | Rates Probably Won't Decrease Soon Business Insider Is It Too Late to Refinance Now That Mortgage Rates Are Soaring? The Motley Fool Mortgage Refinance As An Inflation Hedge Surfky.com Jumbo Loan Refinance Guide | 2022 Rates and Guidelines The Mortgage Reports 3.8 million homeowners would still benefit from refinancing amid rise in mortgage rates, says Black Knight Fox Business How Long Does It Take To Refinance A House? Zing! Blog by Quicken Loans 3 Reasons to Refinance Your Mortgage Despite Rising Rates The Motley Fool After Losing Her Home in a Fire, This Teacher Needed a Fresh Start. A Mortgage Refinance Helped Her Do It NextAdvisor 10 Mistakes To Avoid When You Refinance a Home Loan GOBankingRates Home Mortgage Refinancing Disparities During the COVID-19 Pandemic: Insights for Delaware, New Jersey, and Pennsylvania Philadelphia Fed Still time to lock in a lower rate: Today's 30-year mortgage refinance rates fall | Feb. 9, 2022 Fox Business Should You Refinance Your Mortgage in 2022? The Motley Fool Cash-In Refinance: What It Is And If It's Worth It Zing! Blog by Quicken Loans The cost to refinance a mortgage: What to expect | Mortgage | Chase Chase News & Stories Cash-out mortgage refinancing hits 14-year high The Real Deal 3 reasons it’s not too late to refinance your mortgage CNN Underscored What Do Appraisers Look for in a Mortgage Refinance? Business Insider
|