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 […]
Should You Get a Mortgage Online?
If you’re like many people, you know that the market for online mortgages is growing – it’s becoming popular for people to apply and get approved for a mortgage without ever leaving their homes. But is it the right choice for you? Should You Get a Mortgage Online? Taking out a loan is one of […]
3 Mortgage Questions First-Time Buyers Have… Answered
If you’re a first-time buyer in Lake City or a nearby community and you’re taking out a mortgage loan to buy your home, check out the answers to these three common questions. 3 Mortgage Questions First-Time Buyers Have… Answered Three of the most common mortgage-related questions we hear are: Do I really need 20 percent […]
Common Down Payment Myths You Can Ignore
If you’re trying to buy a home for sale in Lake City or a nearby community, here’s what you need to know about down payments. Common Down Payment Myths You Can Ignore #1. You need 20 percent down. FHA, USDA and VA loans – as well as other programs – let you borrow money for […]
3 Surprising Reasons Lenders Can Turn You Down for a Mortgage
When you’re buying a home for sale in Lake City or a nearby community, you’ll most likely have to get a mortgage – the vast majority of people do. However, there are three surprising reasons your lender might turn you down. 3 Surprising Reasons Lenders Can Turn You Down for a Mortgage The last thing […]
3 Home Maintenance Costs That Surprise First-Time Buyers
When you buy a home for sale in Lake City, you know that home ownership costs money – but are you ready for these three home maintenance costs? 3 Home Maintenance Costs That Surprise First-Time Buyers The most common (and often most surprising) home maintenance costs that first-time buyers need to know about include: HVAC […]
Can You Lower Your Closing Costs?
If you’re buying a home for sale in Lake City, you may be able to lower your closing costs pretty significantly – and that means more money in your pocket that goes toward your home. Here’s how you can do it. Related: What are closing costs? Can You Lower Your Closing Costs? Typically, closing costs […]
How to Get the Best Interest Rates on Your Mortgage Loan
When you’re buying a home for sale in Lake City or a nearby community, you’ll most likely have to get a mortgage loan to do it – most people do. Here’s what you need to know about interest rates and how to get the best offers from lenders. How to Get the Best Interest Rates […]
How to Find the Right Mortgage Lender
If you’re like most people, you’ll need a mortgage loan to buy a home (unless you opt for owner financing, which is a great option for many people). So if you’re searching for a mortgage lender, how do you know which one is right for you? Related: All about owner financing How to Find the […]
Why Do Mortgage Rates Fluctuate?
When you’re buying a home for sale in Lake City and you’re using a mortgage to get it, you’ll have to deal with interest rates – but for most people, they’re pretty mysterious. Here’s what you need to know about why mortgage rates go up and down – and why it matters. Why Do Mortgage […]
