Do VA Loans Have Prepayment Penalties? Posted on February 5, 2019 by JMCHood Prepayment penalties used to be a common thing when you took out a new mortgage. Lenders wanted to make sure that they didn’t lose money on… Read More
Do Seller Closing Costs Affect You? Posted on February 1, 2019 by JMCHood As a buyer, you probably know that you have a lot of closing costs when you buy a home. But what about the seller? Do they… Read More
When is it Right to Lock Your Mortgage Interest Rate? Posted on January 31, 2019 by JMCHood If there’s one thing most borrowers are worried about, it’s their interest rate. Many borrowers want to lock their rate as soon as they get their… Read More
Who Can Assume a VA Loan? Posted on January 29, 2019 by JMCHood Did you know that VA loans were assumable? This means that a ‘buyer’ can come in and take over your mortgage where you left off on… Read More
Do First-Time Homebuyers Have any Low Down Payment Options? Posted on January 25, 2019 by JMCHood One of the largest obstacles first-time homebuyers face is the down payment. Many people avoid buying a home because they think they can’t afford the 20%… Read More
VA Cash-Out Refinance and VA IRRRL: What’s the Difference? Posted on January 24, 2019 by JMCHood The VA offers two types of refinance options – the cash out and the Interest Rate Reduction Refinance loan. Both loans refinance your 1st mortgage, but… Read More
What’s Different About Buying a Pre-Construction Condo? Posted on January 22, 2019 by JMCHood If you are the type that wants to choose your condo’s location in the building and you like to be the ‘first owner’ of a unit,… Read More
When Does Your Certificate of Eligibility Expire? Posted on January 18, 2019 by JMCHood Your Certificate of Eligibility lets a lender know that you are eligible for a VA loan. The good news is that you don’t have to be… Read More
What’s the Right Down Payment for a First-Time Homebuyer? Posted on January 17, 2019 by JMCHood Do you think that you have to put 20% down on your home if you are a first-time homebuyer? You aren’t alone as that’s the common… Read More
What’s the Best Way to Estimate Your Home’s Market Value? Posted on January 15, 2019 by JMCHood Once you own a home, you can still benefit from knowing its value. Homeowners should know the estimated value of their home at the very least… Read More