You Cannot Lock in a Loan Until You Have Found a Home…FALSE
You cannot lock in a loan until you have found a home. FALSE! Many buyers are worried about interest rates jumping up, or barely qualify at these low rates. A jump up of .25% in interest can be a game changer for many people. We can lock in a rate so that they can...
A Buyer with Less than 20% Down HAS to Pay PMI…FALSE
A buyer with less than 20% down HAS to pay PMI. FALSE. In fact, there are 4 ways to pay PMI and 2 of them are not monthly. Here’s how: On a $400,000 loan on a condo with 5% down, you might have to pay $300 per month for PMI. However, to avoid that monthly fee,...