LOAN APPLICATION STOP SIGNS!! Once your loan application is submitted the application is reviewed “as is.” This means the information appearing on the application is valid at the time it was completed. If things change while you loan is being processed, there can be some delays as the new information is documented and verified. To […]
WILL RISING INTEREST RATES AFFECT THE HOUSING MARKET?
There is so much talk in the financial world and among people in general about the interest rate hikes in 2022. The central bank is laying its groundwork to raise interest rates this year and perhaps several times. Borrowers, as a result, will see the costs to get funding go up. The Federal Reserve said […]
Can You Use Gifted Money as a Down Payment?
If you’re going to buy a house, or at least you hope you’re going to, the down payment can be one of your biggest concerns. Your down payment is a percentage of the purchase price of a property that comes out of pocket. Your down payment can range from as little as 3% up to […]