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
Understanding What Active Contingent Homes Mean Posted on January 11, 2019 by JMCHood When you look through the home listings, you’ll see a variety of statuses for each home. One of the most commonly misunderstood is the active contingent… Read More
The Top Ways to Get the Best Price on Your First Home Posted on January 10, 2019 by JMCHood One of the most stressful parts of buying a home is negotiating the price. You don’t want to bid too little yet you don’t want to… Read More
The Top Ways to Get Around Lender Overlays Posted on January 8, 2019 by JMCHood Just because the FHA or VA has certain requirements doesn’t mean that every lender will follow them. Sometimes lenders add what they call ‘overlays.’ These are… Read More
How to Tell How Much House You Can Afford Posted on January 4, 2019 by JMCHood You are ready to buy a house but don’t have the first idea how much a lender will give you for a mortgage. You also aren’t… Read More