Category Archives: Financing a Home

Mortgage Calculator

We often get asked for a simple mortgage calculator you can use, so here you go! Home Value: $ Loan amount: $ Interest rate: % Loan term: years Start date: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 […]

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Should you Buy a Lease Option?

No! Ok, maybe that was too strong of a response… how about, probably not.  What do I have against lease-options?  Nothing really and they can be a very useful tool.  The problem is that they are a chain saw and if you’ve never even used a handsaw, you probably should not mess with one!  In […]

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Should I Pay Off all my Debts Before Buying a Home?

That’s a terrific question that we get all the time.  The answer is, as always in real estate, “it depends”.  Let me explain by way of an illustration.

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How Does a 203k “Fixer upper” Loan Work?

The 203k “rehab” loan is the most popular loan for fixer uppers.  It allows you to buy a home that needs minor to major fixup and also loans you money for the work you want done.  The most common financial advice highlights the importance of spending less than you earn, but when you face real-world […]

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Top 5 Reasons Home Loans Get Denied

I can’t count the number of times I’ve been asked “Why aren’t banks loaning any money right now?” Not true! Banks actually are loaning money- lots of it- but the stories in the news have gotten people to think that nobody can get a loan right now. But, the ones that do get turned down […]

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Are There Any Zero Down Loans Left?

First time buyers love zero down loans and understandably so. They often have installment loans to pay off, maybe a car loan or two, and have not been at their current job for long enough to save up a lot of money. No, I’m not stalling about answering the question “Are there any zero down […]

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