Blog
What is the difference between Interest Rate and APR?
Annual Percentage Rate (APR) is also expressed as a percentage rate; however, it is a broader measure of the cost of borrowing the money. APR includes other charges and fees such as the interest rate, points, mortgage broker fees, and other charges that you pay to get the loan.
What is a Conventional Loan?
A Conventional Loan is any loan that is not a government loan. An example of a government loan would be a VA loan, an FHA loan, or a USDA loan. These loans are all guaranteed or insured by the government.
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 concessionsâ€
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.
Why Live In Brevard County?
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
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
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
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