A couple of the most frequently asked questions I get are ‘how much downpayment do I need?’ and ‘what other costs will there be?’ My answer is to budget at least 1.5% of your purchase price in addition to your downpayment to cover additional costs and below is what that number can include. I’ve also … Continue reading
When searching for a property to purchase, one of the first decisions a homebuyer has to make is choosing between a new build and a pre-existing property. While there are a few differences with the financing between the two different property types, securing the mortgage should not be too difficult and below are six tips … Continue reading
What you need to know You may have heard about doing a rent-to-own on furniture, appliances or electronics, but did you know it applies to homes too? It’s not common, though it’s still around, so it’s important to be well informed before you enter into any type of Rent-to-Own Agreement. As a mortgage professional, we … Continue reading
How much does it cost to get a mortgage? A couple of the most frequently asked questions I get are ‘how much downpayment do I have to have and what other costs will there be?’ My answer is to budget at least 1.5% of your purchase price in addition to your downpayment to cover additional … Continue reading
How much does it cost to get a mortgage? One of the most frequently asked questions I get is ‘how much does it actually cost to get a mortgage?’ My answer is to budget at least 1% of your purchase price to cover costs and this week I want to detail what that number can … Continue reading
As a mortgage broker, we often don’t come into the rent-to-own transaction until the buyer is actually ready to purchase the house they have been renting-to-own. A big difference between a rent-to-own contract and a regular purchase contract is the purchase price was agreed upon when you originally entered into the rental agreement and the … Continue reading
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