Escrow The world of house-hunting can be overwhelming with all of the taxes, fees, deposits, handshakes, etc. and you will quickly want to go back to simpler times when your parents did all of this while you just played in the backyard. But fortunately with escrow,...read more
Bi-Weekly Mortgage Payments When it comes to paying off your mortgage, paying once a month always seems like the go-to route, but if there’s a way that’s a shortcut to the light at the end of the tunnel, wouldn’t you rather take that? Yes. Yes you would. So let’s talk...read more
A jumbo loan is a mortgage on any property whose loan value is higher than the current “Conforming Loan Limit” of $453,100. The $453,100 figure actually goes into effect on January 1, 2018. Any conventional loans closed before then are limited to $424,100.
There is no maximum limit for jumbo loans.
The minimum down payment is 10%.read more
Owner’s title insurance takes up a sizable portion of your closing costs in a home purchase. It’s entirely optional, but most professionals involved in the transaction, from agents to loan officers to attorneys, strongly suggest you purchase it.read more
First things first: the below closing cost calculator is to help you estimate your closing costs. Please call for a more accurate estimate on a prospective purchase. Property taxes: See our post on property taxes to find your yearly tax bill. We use the most recent...read more
Finding property taxes on your prospective home can be difficult, especially with how hard to navigate county websites are.
We’re here to help! Visit the sites below to find what you need!read more
All About Gift Funds I get a lot of questions about gift funds. FHA and Conventional loans vary a bit in how gift funds are treated, but are largely similar. Let’s dive in! The primary measurement here isn’t necessarily “How much is allowed as a gift?”, but rather...read more
The Path To A Quick Close Buying a house wouldn’t be stressful if it weren’t for deadlines. There’s the due diligence period, there are the financing and appraisal contingencies, the closing date itself. It’s exhausting. We’ve compiled a list of what you can do to...read more
Lender Paid Mortgage Insurace (LPMI): What it is and when to use it. If you’ve chatted with me and you’re putting less than 20% down, then I’ve probably brought up the idea of using a loan feature called “Lender Paid Mortgage Insurance.” There is something about the...read more