Archive for the ‘Home Buyer Tips’ Category

5 reasons why your mortgage loan can get denied

September 25th, 2015 by

Shopping for a home loan? Don't let these minor errors throw a kink in your mortgage application.You've found the house of your dreams and are ready to apply for a mortgage but are you really ready to be a home owner or are there some detours that need to be ironed out first in order to be a homeowner.Before you start picking out new paint, furniture and designing the kids... [ Read More ]

Home Buying 101

December 6th, 2013 by

Buying a home and getting the home you want is more than just looking at houses from the outside and saying "Honey, I want that house, let's buy it this month."  Though this is the dream that we all have of seeing the home we wish for, putting in an offer and closing a few days later, this reality exists only for the small percentage of individuals.Experienced and well versed sellers and list... [ Read More ]

FHA Down Payment Rules

November 29th, 2013 by

One commonly asked question is, "How much is needed for a down payment to buy a house?"For FHA loans, it's 3.5%  For conventional, it's 5%.  There are exceptions the rule.  Some being, VA loans, zero down, but you must be a veteran of the military.  There are some houses that are available for $100 down (HUD Homes), but there are very few of these houses and not many buyers succeed at gett... [ Read More ]

Low down payment conventional loan options

October 25th, 2013 by

Many families are ready to buy a house right now but there's one common thread with many of the buyers, they have less than 20% for their down payment to buy a home. Every family wants to have the lowest monthly payment as well as preserve funds for finishing a basement, a yard or to invest the savings into something else.The stumbling block for many families is having to put 20% down as well ... [ Read More ]

Spring home buying tips

March 4th, 2013 by

Spring is about to start and that means that buyers are starting to come out of hibernation from the winter freeze.To prepare for the spring and summer buying season, here’s some spring cleaning tips to be prepared to buy.You want to:

  • Check your credit and get help with any items on your credit that need to rectified.
  • Wait to buy that tv or furniture using plastic ... [ Read More ]

Home Buying tips for buyers & real estate agents

September 25th, 2012 by

As potential home buyers search the internet and visit open houses they often don't know the mortgage lending process and the critical function it has in buying a house. As a lender, I often spend extra time helping people understand what their loan options are, find out what payment they can afford in their budget and then we figure out what dollar amount  of house they will be able to buy base... [ Read More ]

Purchase Loans with Super Fast Closings & Super Hero savings on closing costs

September 22nd, 2012 by

If you are in the market to buy a house or in the process to purchase a house, you have the  the option to pay higher closing costs at a bank or credit union or you can have a huge savings that will suprise you by using Ben Gerritsen as your loan officer.Ben is a mortgage broker that has over 30 mortgage banks to select from for his clients.  He saves his clients thousands of dollars from hi... [ Read More ]