Category: Financing
Why Is It so Important to Be Pre-Approved in the Homebuying Process?
You may have heard that pre-approval is a great first step in the homebuying process. But why is it so important? When looking for a home, the temptation to fall in love Read More …
FHA loan limits for Puerto Rico – 2020
To qualify for an FHA loan in Puerto Rico, your home loan must be below the local FHA loan limits in your area. For 2020, the maximum loan limit in Read More …
FHA loan limits for Puerto Rico – 2019
Here are the FHA loan limits for the Puerto Rico counties. Homebuyers only require a 3.5% down payment with an FHA mortgage if they stay at or below the maximum Read More …
Things to Avoid After Applying for a Mortgage
Congratulations! You’ve found a home to buy and have applied for a mortgage! You’re undoubtedly excited about the opportunity to decorate your new home, but before you make any large Read More …
FHA Issues New Condominium Rule
Comprehensive policy revisions include the ability to approve individual units in non-approved condo projects WASHINGTON – In an effort to promote affordable and sustainable homeownership, especially among credit-worthy first-time buyers, Read More …
Why Is So Much Paperwork Required to Get a Mortgage?
When buying a home today, why is there so much paperwork mandated by the lenders for a mortgage loan application? It seems like they need to know everything about you. Furthermore, it requires Read More …
What You Need To Know About Private Mortgage Insurance (PMI)
Whether it is your first time or your fifth, it is always important to know all the facts when it comes to buying a home. With the large number of Read More …
Slaying the Largest Homebuying Myths Today [INFOGRAPHIC]
Some Highlights: The average down payment for first-time homebuyers is only 6%! Mortgage interest rates have been on the decline since November! Hop in now to lock in a Read More …
The Benefits of a 20% Down Payment
If you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Read More …