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Overview No and low down payment loans require little or no cash from the buyer at the loans closing. While Private Mortgage Insurance is generally required on any loan with less that 20% equity in the home, some mortgage programs like “Lender Paid MI” allow you to lower costly mortgage insurance. Low down payment programs…
Interest-Only Mortgages: The Facts Overview You’ve heard about interest-only mortgages for years. But do you really understand what they are and who should consider them? Is an interest-only loan right for you? Separate myths from facts and learn how the security of a fixed rate of an interest-only home loan might benefit you. An interest-only…
FHA Loans for Home Buying Overview FHA loans are great for first-time home buyers. Only a 3.5% down payment required. FHA is a perfect choice for those with lower credit or incomes. The FHA Loan Program is the quick way to go FHA. We at The Canto Team makes the FHA loan process painless. It’s…
Overview Keep close tabs on your credit by checking it at least once a year. One thing you should do when buying a home for the first time is to find a lender who you’re comfortable dealing with. Getting a mortgage before you shop for a home will save you lots of time and will…
Overview Buying a home? Mortgage closing costs are what you pay to close your loan application. Where do they go? Some costs and fees go to third parties, some are state and local government fees that must be covered and some go to your lender. Mortgage closing costs are fees charged for services that must…
Investing in Real Estate the Right Way Overview Real estate is a tangible, cash generating asset that appreciates with time. In other words, it can become a profitable investment and make you some nice cash. Purchasing real estate is usually a good way to invest your money and increase your long-term financial security depending on…
Making the Perfect Offer to Buy the Perfect Home Overview Once you’ve found a home that meets your needs, it’s time to make an offer. In deciding the amount of your offer you and your agent have to weigh several factors – asking price vs. comparable home sales, market conditions, other potential offers, how badly…
Important Information You Should Know Regarding Appraisals Overview You’ve found the home of your dreams, the paper work has been processed and a closing date set. The next step is to order an appraisal to gauge the true value of the home. There are several questions surrounding the appraisal process and what to expect. The…
Overview You’ve probably heard of closing costs. Any time you get a mortgage there are closing costs and fees associated with that mortgage. Here we’ll help you understand each one so that you can come prepared to the closing table. Points are a good way to reduce your interest rate and the amount you pay…
Overview There are three basic types of mortgages: fixed rate, adjustable rate and interest-only. Each loan has advantages and disadvantages to it – make sure you choose the right one for your particular situation. Be sure to talk to an experienced home loan expert to fully understand all your options. Now that you’ve found a…
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