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. […]
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 […]
