What is Mortgage Insurance?
Typically, if a borrower makes a down payment less than 20% of the purchase price of the home on a conventional conforming loan, they will need the loan insured in some way.
What are the Max Seller Concessions on a VA Loan?
On a VA loan, the seller may pay all of the veteran borrowers normal and customary closing costs. However, the VA also says that, in addition to normal and customary closings costs, the seller may pay up to 4% of the purchase price in “seller concessions”
What Do Sellers Have To Pay For On A VA Loan?
The answer is that the VA does not require that the seller pay any specific fees. The VA just says that there is a list of fees that the buyer cannot pay. If the seller is required to pay fees, that would be negotiated and part of the real estate contract.
How to Get the Best Deal on your Mortgage with These 5 Tips
Getting the best mortgage deal doesn’t happen by just calling up a few banks and lenders – there are a great number of factors that can affect your interest rate. If you want to get the best mortgage deal possible and save the most money, you should check out some of these tips to lower your rate and become a more qualified buyer:
Why Live In Brevard County?
Why live in Brevard County? It’s a question that has a lot of fantastic, easy answers: Location, Location, Location Brevard County is nestled on a cozy part of Florida’s East Coast and runs across 72 miles of gorgeous beaches. If you need a break from the beach (not that anybody does), you’re just a quick [...]
VA Loan Myths: 5 Common Misconceptions Busted
Since the GI Bill was signed into law in 1944, millions of veterans, including those in Melbourne and Brevard County, have taken advantage of VA loans for their homes. However, many veterans and military families are held back by longstanding myths and untruths that surround VA loans.
From the Ground Up: Building a Home with Viera Builders & Morgan Financial
I am a homeowner. Those are four words I never thought I would say just a few weeks shy of my 24th birthday. As a millennial, there has been a certain level of fear and apprehension surrounding the idea of homeownership, what with our mounds of student debt and love of avocado toast. However, we would [...]
6 Killer Strategies for a Multiple Bid Situation
Here in Brevard County, home buyers often find themselves in multiple bid situations when shopping for a home. Inventory is often low and homes are priced incredibly well, so homes fly off the market in no time. What can you do to stand out in such a competitive market? Here are some tips [...]
7 Most Valuable Home Improvements
Rates are still historically low, so now is the time for Brevard homeowners to refinance, perhaps to invest your equity into some valuable home improvements. When considering refinancing to increase the value of your home, you want to choose home improvement projects that give you the best bang for your buck. To help you figure [...]
8 Ways to Make Your Home Greener
Earth Day is this weekend, a day when people around the world think about their impact on the environment and find new ways to make a difference in their everyday lives. It can start in your own home, so here are 8 ways to make your home just a little bit greener: 1. [...]