What Do I Pay On a “No Cost” Loan?
In addition to the purchase price of the home, there are other fees associated the home buying process such as escrow fees, appraisal fees, notary fees and more. Typically, a no-cost loan is used when you’re refinancing, but it can also be used for...
You Don’t Need to be Rich to Invest, 3.5% Down on Units
How much down do you really need to buy investment property? In general, the amount of money needed depends on the type of property, loan program, and whether or not you’re planning to live there. If you are buying 2-4 units and will not live there, then the minimum...
This Unusual Investment Could Earn Big
Have you ever said to yourself, “I don’t have enough money to invest in real estate. It takes hundreds of thousands to invest.” OR “Prices have gone too high and cap rates are being squished!” It’s true that in some cases you may need lots of money to buy real...
What’s the Difference Between Pre-Approval and Pre-Qualification?
This article has been updated on March 10, 2019 Pre-qualification Pre-qualification or Pre-quals, is a quick assessment about what you can afford. It is based on the opinion of a loan officer, 1-800 order clerk, website calculator, or Realtor. It includes an interview...