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.  Here’s how it works: 1. Meet with a Mortgage Pro who is experienced in doing 203k loans and get […]

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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 student 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.

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