First-time homebuyers that are also low-income buyers may qualify for a mortgage credit certificate. While you have to pay for the certificate, it can give you a decent tax credit, helping you to lower your tax liability and therefore the overall cost of your mortgage. Get Matched with a Lender, Click Here. If you are […]
Who Can Gift Money for a Mortgage Down Payment?
The down payment is often the largest hurdle for new homebuyers. If you are one of them, don’t think you are out of luck. There is a way that you can get help with your down payment. You may be eligible to receive gift funds from certain people in your life. Get Matched with a […]
How Much do First Time Home Buyers Have to Put Down?
The largest struggle first-time homebuyers often have is coming up with a down payment. Because they don’t have the benefit of equity in an existing home, they have to come up with cold-hard cash. Years ago, it used to be that without 20% down on a home, you couldn’t get a mortgage. Luckily, today that’s […]
How to Explain Cash Deposits When Applying for a Mortgage
When you apply for a mortgage, lenders look at all aspects of your financial life, including the deposits you make in your bank account. Why would lenders care about your deposits? Money is money, right? Looking for Current Mortgage Interest Rates? Click Here. Unfortunately, that’s not the case. Lenders care about every penny you put […]
What’s the Lowest Down Payment you Can Put on a Home?
Many people mistakenly think that they must put down 20% on a home. Today, that’s not the case. Did you know that there are even loans that allow you to put nothing down on a home? This isn’t common knowledge among borrowers, which could be one of the reasons that you haven’t bought a home […]