An EMD or “earnest money deposit” is commonly known as a “good faith deposit” and represents the buyer’s good intentions towards buying a home. This ensures the seller that an individual is serious about buying their home. This gives the buyer additional time to get financed as well as conduct an appraisal, home inspection and […]
Choosing a Mortgage Loan That’s Right for You
The purchase of a home is quite possibly the biggest investment you’ll make in your lifetime, not to mention the huge responsibility that comes with it. So, to be successful in your quest for home ownership, you have to choose a mortgage loan that’s right for you and accommodates your financial needs. For a first-time […]
Most Important Factors in Determining Mortgage Rates
If you have decided on buying your own home, this is great news! Keep in mind when purchasing a home, Florida mortgage lenders determine your interest rate based on specific information that you list on your application. There are certain factors that a lender analyzes before determining this rate including. Factors That A Lender Analyzes […]
Is a 15-Year Mortgage Right For You?
Of all the decisions you will ever make in your life, the purchase of a home will be the most consequential of all. Needless to say, it will also be one of the largest investments you will ever make as well. Unless you’ve just won the Powerball or were born into a great deal of […]
3 Types of Property Covered by Home Loans
When purchasing a home, the type of home or the way you intend to use the property will influence the type of mortgage loan that you apply for. There are 3 primary types of property that are covered by home loans – primary residence, second home, and investment property. Primary Residence The home that you’re […]
