Explore our blog for insights on buying, financing, remodeling, and taking care of your home.
You've seen the headlines and heard the chatter - mortgage interest rates have gone up. How long will this last? Will this be a return to renting for people who were thinking of buying a home? Or is it just a small adjustment in the overall scheme of things?
Class is in session! It's time answer your mortgage questions. Questions about home loans can come from all kinds of home buyers. Whether it's your first home, or you're looking to upgrade as your family grows, the housing market can be daunting to even the most seasoned buyer. The housing bubble burst of 2007-2009 still has many folks a little gun shy. One mortgage question we hear from folks is "Where can my down payment come from?"
Someone buying their first home will have a lot of questions. We see it time and time again. Sometimes, those questions get answered by family and friends. Other times they're answered by a real estate agent. But when it comes to the financial side of buying a home, asking a mortgage expert might be in your best interest. We hear a ton of questions about mortgage loans, and this is a big one. Everyone hears that it's a mountain of paperwork to apply for a mortgage. Yes, it takes quite a bit of information, but it's not insurmountable.
If you've already heard of the zero-down mortgage loan option USDA Rural Development, then you probably know the house must be in a specific area. As we've said here at AmeriFirst before, rural doesn't have to mean farm.
From blog comments to social media posts to emails, we get lots of questions about buying and financing a home. We do our best to answer them privately and publicly, in hopes of helping the person asking but also anyone looking to buy. We recently received the question below: My wife and I are currently beginning to think about buying our first home. Would it be in our best interest to save for a down payment or pay off some bills before a purchase is attempted?
Paycheck stubs. W-2's. Bank statements. Piles of paperwork. Investment statements. Your first born child.
The key to a successful house hunting mission is the mortgage pre-approval.
Equal Housing Lender
A division of Union Home Mortgage Corporation
950 Trade Centre Way, Suite 400
Kalamazoo, MI 49002
NMLS ID #2229
This is not a commitment to lend. Not all borrowers will qualify; contact us for more information on fees and terms.
