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NO ‘mysterious’ deposits to your bank accounts – Borrowing money for a down payment to buy a home is an absolute ‘no-no’ in the world of mortgage lending. If there is a chance you may not have enough for the … Continue reading
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Principle and Interest The first item on your house note will be the Principle and Interest (P&I) calculation based on the original amount of your loan. Using a good Mortgage Calculator, simply plug in the current interest rate and the … Continue reading
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Most people are under the assumption that all foreclosed homes are bargains. Well. . . YES and NO YES if you are looking for a home priced under market value. NO if you are looking for a home in super … Continue reading
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Tradition runs deep in Covington, co-existing alongside innovation and progress and a love of the arts. Covington enjoys a community of the arts, from painting to acting, sewing to singing. If you consider yourself an artist, Covington is the place … Continue reading
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Located in St. Tammany Parish, Louisiana is the city of Mandeville, LA. It is on the northshore of Lake Pontchartrain and across the lake from New Orleans and is part of the New Orleans suburbs. Being a part of the … Continue reading
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The LA Real Estate Commission requires that when a real estate agent meets you for the first time, face to face – and before showing you homes, discussing financing, or anything other than simply answering questions – that we provide you … Continue reading
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In this market, agents are quite often asked which is better… An FHA 203k or a Fannie Mae Homepath loan? The following is a reprint from a blog by Justin McHood who works for Academy Mortgage and is based in … Continue reading
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The following is a reprint courtesy of HUD.Cov, US Dept of Housing and Urban Development The Section 203(k) loan program is HUD’s primary program for the rehabilitation and repair of single family properties. As such, it is an important tool … Continue reading
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