Credit / Debts / Documents / Downpayment / First Time Home Buyer / Lenders / Market Updates / Qualifying

Zero Downpayment Products to be the Next Casualty

The good news is you can still buy a house with no downpayment, the bad news is these programs are ending soon- October 31st to be exact.  This means we can now add the no-downpayment products to the “mortgage casualty list” that we have witnessed getting lengthier over the past few years. This comes as … Continue reading

Credit / Debts / Documents / Downpayment / First Time Home Buyer / Income / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Rental Properties

Rent-to-Own Homes: The Basics

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