Explore our blog for insights on buying, financing, remodeling, and taking care of your home.
If you’re a person on the go and hate mowing grass and raking leaves, maintenance-free condo living might be for you. And if you’re buying a condo with an FHA or VA loan program because of their attractive low-down payment and flexible credit qualifications, you need to be aware that the condo you are considering must be in an approved development.
How long is taking for your mortgage loan to close? Did you go with a bank or a company that had the lowest rate? Maybe the mortgage lender you're with is someone your mom or dad recommended. And now it's been 90 days or more and your mortgage still isn't closed. That's not the case at some places. For instance, at AmeriFirst Home Mortgage our closing times are much lower according to the numbers. Let's take a look at a specific loan type: renovation mortgages.
Paycheck stubs. W-2's. Bank statements. Piles of paperwork. Investment statements. Your first born child.
When you're buying a house and you're ready to move, patience can be hard to come by. A week can seem like a month. It's even worse when you're waiting on someone else, and you're ready to get things done. A common question during the mortgage process is "How long?" This could be "How long does it take to get pre-approved?" Or a home buyer who wants to use an FHA 203k loan to do some upgrades or remodeling on the house they're buying might ask, "How long does it take to go from making an offer to closing?"
This is a guest post by Blair Warner, senior credit consultant and founder of Upgrade My Credit
This is an article submitted by a guest author. Not all views expressed are those of Amerifirst Home Mortgage or its employees. A home inspection is an invaluable tool for a home buyer trying to decide whether or not a specific property is a good investment. Being present for the process can make the inspection even more worthwhile. Asking questions of the inspector and getting his or her opinions about the problems with the house can help the home buyer decide whether or not to move forward with the real estate transaction.