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 […]
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 […]
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 […]
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 […]
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. […]
