VA seller paid closing costs and VA loan seller concession rules allow a seller to pay all of the buyer's closing costs, plus pay buyer's debt, lease buyout, or even send the buyer on a cruise. Check out how VA closing costs work and how to finance them
A very popular way to build wealth is through buying rental property. Although, significant funds may be required. Because of this, building a portfolio of rental properties could take a while. Yet, buying a multifamily home can be a beautiful thing and a quicker path to being the landlord. For instance, did you know that […]
Let us show how to buy a house with the payment you want. Basically, this starts with reversing the buyer's thought process from find the home first and then get the mortgage next. Therefore, we explain the biggest factors that affects the mortgage. Ending spoiler alert - It is not just the rate!
During tax season, low to middle income families have more money than any other time of the year. Therefore, tax season is the best time to buy a house. So, let's show you how to use your tax refund to buy a home. Not only can a tax refund be used as down payment, but it may also help a buyer actually qualify.
How to buy a house with student loans deferred or income based repayment. Check out these low and no down payment mortgages which make buying a home much easier.
Learn how using gift funds can be used as a down payment to buy a home. Plus, see other home buying strategies like buying from family with no money down, avoiding PMI, covering closing costs, and more. Finally, we share gift funds requirements.
Owning real estate is one of the best and most proven ways to build wealth. Now, buying rental property has become much easier. Whether buying investment property for the first time or a seasoned real estate investor, there is a program which practically qualifies the buyer solely on the rental property. Imagine being able to […]
Buying a home for your parents or adult disabled child with 5% down payment. Get the benefits of a primary residence loan (low down payment and better rates) without having to live in the home!
Rising home prices make it tougher for buyers to find affordable housing. Although, manufactured homes provide a lower price option for today’s buyer. Fortunately, there are several manufactured home loans available for buyers and homeowners. But to obtain financing, a manufactured home foundation inspection must be performed. Why? Because lending agencies want to ensure the […]
Although FHA guidelines became a little more strict in 2019, an FHA loan is still one of the best ways to buy a home. Not only do FHA loans provide a low down payment, they also offer very flexible underwriting guidelines. Several popular FHA loan guidelines which can save a home purchase include… Qualifying with […]
For most people, this is not a popular topic. But, for ministers and pastors looking to build, refinance, or buy a home, it sure is. First of all, pastoral income can vary widely. Furthermore, many lenders do not understand how to count clergy housing allowance as income. Therefore, finding a mortgage lender who understands clergy […]
Many dream of buying a second home. Whether the goal is to get away to relax or play, it is more possible than ever. Along with the combination of great interest rates and loan programs, more are able to make it happen. Another key 2nd home strategy includes using vacation rental income to make your […]
One of the biggest projects most homeowners take on is remodeling their kitchen. A kitchen remodel is also one of the most expensive upgrades to your home. You may wonder if you have enough money in your budget to cover all the designs you covet. According to HomeAdvisor, an average kitchen remodel costs between $12,555 […]
Qualifying prospective and current South Carolina residents could benefit from a property tax exemption. Basically, an exemption means free from property taxes. Fortunately, there is a great property tax savings for SC homeowners who are over 65 years old, totally and permanently disabled, or legally blind. Meeting these criteria could mean using the lifetime Homestead […]
High moisture content can cause serious damage to a home and it constantly creeps into a home’s crawl space. High humidity is especially prevalent in coastal areas including here locally in Southeastern NC. Basically, if one lives in coastal NC or SC, crawl space moisture is a dangerous enemy to their home. Plus, it is […]
What is Mortgage Recasting? You may have heard the term “mortgage recast”, or “recasting a mortgage”, and wondered what it means, and if you could benefit from it. Basically recasting a mortgage means that you pay a lump sum of money towards the mortgage, and your lender re-amortizes the remaining balance. This will result in […]
Let’s take a simple test. Think back to the last document signed with an electronic signature. Were all documents read completely on the e signed docs? Or maybe did you just quickly look for the next place to click and e sign? Sound familiar? I hope not. Because, that would mean signatures are all over […]
First time home buyers look for every possible break when buying a home. These areas include lower interest rates, less closing costs, reduced monthly payment, and down payment assistance. Also, there is a little known tool which helps a first time home buyer or military Veteran more easily qualify for a mortgage as well as […]
If You’re a First Time Home Buyer SC Wants You! There are many reasons to purchase a home in South Carolina – the beautiful and relaxing beaches and coastal cities; the many thriving and expanding businesses and employers; the wonderfully mild year-round climate, and so much more. But did you know there are also mortgage […]
So, the decision has been made to buy or refinance a home. All of a sudden, the term “mortgage points” keeps popping up in lender conversations. Lenders provide an interest rate and they keep saying things like zero points or that costs a point. What does that mean? In sports, I want as many points […]
Oh wow! An article about taxes! I know, sounds boring right? But, if you are considering a home purchase in SC, it is necessary to understand how taxes work in South Carolina! In addition to South Carolina being such a great place to live, A USA Today article ranked South Carolina as the 7th lowest effective […]