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. […]
What Does Seller Financing Mean?
In a residential real estate transaction, most people borrow money from a lender to cover the cost of the home they want to buy. But there’s an alternative – seller financing – that an increasing number of Lake City buyers and sellers are using. So what does seller financing mean? Here’s what you need to […]
What Are Mortgage Points?
If you’re like most people who are thinking about buying land for sale in North Florida, you’re probably kicking around the idea of getting a mortgage – and that’s great. Most people do! But if you’re also like most people, you don’t know all the ins and outs of mortgages. (That’s fine, too – that’s […]
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 […]
