Joe Knows Mortgages Minute

News & Article

What’s the difference between Interest Rate and APR?

Interest rate is just the percentage of interest that you pay on your mortgage loan principal amount. APR stands for Annual Percentage Rate, and includes all costs associated with obtaining your mortgage loan.

Do I need to put 20% down to buy a home?

The quick answer: Nope! There are many options for putting less than 20% down, for example… A qualified and eligible Veteran might be eligible for

What are cash reserves?

Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE.” This week, we answer the question: When it comes

Do I have to pay closing costs on a VA Loan?

Now, the veteran can negotiate with a seller on a property to pay all normal and customary closing costs.  The negotiation must be part of the sales contract and clearly outlined