If you’re like many people, you’re self-employed – and that means your process of applying for a mortgage to buy home or land for sale in Lake City will be different than it would if you worked for an employer. Here’s what you need to know about applying for a mortgage when you’re self-employed. Applying […]
Could an FHA Loan Help You Become a Homeowner?
When you want to buy a home in Lake City, you have several options when it comes to financing – and one of those options may be a Federal Housing Administration loan. These loans, commonly called FHA loans, can help low- and moderate-income buyers get a mortgage and buy a house. But could an FHA […]
Common Seller Financing Questions
Buying a home with seller financing can be a great idea – as long as you and the seller can reach an agreement that works out in your favor. But it can also be a little bit confusing. If you’re considering buying an owner-financed home in Lake City, check out these common seller financing questions. […]
Is Seller Financing a Good Idea?
If you’re like many people, you’ve seen the homes for sale in Lake City that have “seller financing” on the listing. But is seller financing a good idea if you’re buying or selling? Here’s what you need to know to make the right choice for your future. Is Seller Financing a Good Idea? Seller financing […]
How Much Money Do You Need for a Down Payment on a House in Lake City?
If you’re like most people looking for a home for sale in Lake City, you know you’ll have to come up with a down payment – but how much money will you need? Is it possible to buy a house with nothing down? Here’s what you need to know. How Much Money Do You Need […]
Should You Buy Mortgage Points?
When you’re buying land for sale in North Florida, you’ll have to make some big decisions – and one of those decisions could be related to whether you should buy mortgage points. Here’s what you need to know. Related: What are mortgage points? Should You Buy Mortgage Points? When it comes to making big decisions […]
What Are Fannie Mae and Freddie Mac?
You’ve heard of Fannie Mae and Freddie Mac – but do you know what they are? It’s okay if you don’t. Actually, most people don’t – so we’ll explain it here. What Are Fannie Mae and Freddie Mac? Fannie Mae and Freddie Mac are government-sponsored enterprises that help people get mortgages. Fannie Mae Fannie Mae […]
What’s a Jumbo Loan?
A jumbo loan sounds big, right? It is – but really, what it means is that it’s a larger amount of money than the maximum value of a conforming loan. Wait – what’s a conforming loan? A conforming loan is a loan that meets guidelines set by Fannie Mae and Freddie Mac. What is a […]
What is a Mortgage Broker?
If you’re like most people who are buying a home, condo or land for sale in or around Lake City, you’ve heard the term mortgage broker. But what does it mean? Here’s what you need to know. What is a Mortgage Broker? A mortgage broker is a professional who helps you find the best lender […]
How to Find the Best Mortgage Lender for Your Needs
If you’re like most people who are buying a home or land in Lake City or a nearby community, you’re going to need a mortgage loan. A recent survey cited by Realtor.com says that 1 in 5 buyers is disappointed in his or her lender – and we don’t want that to happen to you. […]
