FINAL 2019 MORTGAGE PUSH- Here is what we do know for the final months in 2019 regarding home purchase and mortgages: Rates are down, inventory is down, purchases are a little down, and refinances are way down but yet, prices are up, ready buyers are up, available lenders are up, and more creative loan program options are up. Who knows what 2020 will bring, BUT 2019 is still the time to strike while things are good. It seems almost everyone can get a mortgage these days, Good rates are great and not so good rates are still good. Tomorrow may be all guesswork? For your mortgage needs...

September 27th, 2019 2019 FINAL HOME MORTGAGE PUSH

Blog Image: Is a Bigger Down Payment Always Better?

Is a Bigger Down Payment Always Better?

In the homebuying process, if you find yourself in the enviable position of having more cash than needed for a minimum down payment, it may be difficult to know just how much you should put down. A larger down payment can bring plenty of benefits, but is it always best to contribute the biggest down payment possible?  First, remember that every loan program has its own down payment requirements. FHA loans for example require a minimum of 3.5% while jumbo loans will require at least 10%. To get a conventional loan without PMI you’ll need 20%. USDA and VA, by contrast, do not requi...

September 25th, 2019 | Purchasing a Home, Preapproval, Mortgage Advice, Is a Bigger Down Payment Always Better?

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