The Price of Money

According to Forbes the year 2017 has a few changes in store.

  1. Prices will rise but slower than in 2016
  2. Affordability will worsen
  3. Mortgage rates will be moving up and down more than in the past
  4. Availability of credit might improve

So what this means is no one really knows what might happen.  What we do know from past experience is if you buy a home with a mortgage too large and are pressed to make  the payment every month small things like increased in gas prices ( could cost $150.00 more to fill car every month) or heating oil along with a reduction in hours worked could send many into... Read more

Shopping Tips for a Mortgage Loan

Avoiding the 20 Percent Down payment Guidelines

Although lender guidelines recommend minimum down payments of at least 20 percent, you can avoid this often-difficult requirement. If you ask, “How can avoid this guideline? I don’t have 20 percent cash to put down.” Here’s how.

  • If you’re qualified, examine Department of Veterans Affairs (VA) loans.

    VA loans often require “zero down payments” for qualified active duty or retired military veterans. This includes many National Guard and/or Reserve members.

  • Investigate US Department of Agriculture (USDA) mortgage loans.

    USDA also offers “zero

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