A Guide To Lock-Ins

The interest rate market is subject to constant swings without advance notice. Locking a rate protects you from the time that your lock is confirmed to the day that your lock period expires.

Typical Closing Costs

We will of course supply you with a detailed analysis of your fees in a Good Faith Estimate.  We will also supply you with a Truth in Lending form, which will provide you with a disclosure estimating the costs of the loan you have applied for, including your total finance charge and the Annual Percentage Rate (APR).

Purchase Strategies

Loan product developments in recent years have greatly expanded the options available for all home buyers. Today’s loan programs offer borrowers opportunities to maximize buying power, save cash for repairs or improvements, or even buy a home with little down payment.

Home Inspections

Home Inspection by a Professional — Good Idea!  A home inspection is generated by a visual examination of the physical structure and systems of a home, from top to bottom. An inspection is similar to a physical check-up. If problems or symptoms are found, the inspector may recommend further evaluation.

Loan Options

We breakdown most of the loan options available in an easily readable chart of the benefits.  Click “Read More” to see the full details.

Private Mortgage Insurance (PMI)

PMI is extra insurance that lenders require for loans that are more than 80 percent of their new home’s value. In other words, buyers with less than a 20 percent down payment are normally required to pay PMI.

Loans for Vets

As a benefit to veterans, the Department of Veteran Affairs guarantees repayment of loans made to veterans with no down payment, in most cases, and liberal qualifying guidelines. This makes it easy for veterans to finance their homes.

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