From VA website, if you want to pay less than 20% down this is the only way I know of has an investor. VA Vendee Quick Facts: • Any purchaser can apply for Vendee Financing. You do not have to be a Veteran. • Vendee financing is available for non‐owner and owner occupied. • Low […]

Great article from howardcountymove.com What a Buyer’s Agent Can Do For You The CostPurchasing a home is a complex and a significant financial transaction. The seller’s agent (the listing agent) is not on your side. He or she is legally bound to represent the seller. They are trained and experienced in how to protect their seller’s […]

Escrow : How Does it Work? The principals to the escrow : buyer, seller, lender, borrower : cause escrow instructions, most usually in writing, to be created, signed and delivered to the escrow officer. If a broker is involved, he will normally provide the escrow officer with the information necessary for the preparation of your […]

From the IRS website: First-Time Homebuyer Credit Questions and Answers: Homes Purchased in 2009 or 2010 Check for updated Q&As (see the date at the end of the Q&A). Updated July 6, 2010 — The deadline for closing on home purchases was extended from June 30 to Sept. 30, 2010. Legislation signed on Nov. 6, […]

original principal balance The total amount of principal owed on a mortgage before any payments are made. origination fee On a government loan the loan origination fee is one percent of the loan amount, but additional points may be charged which are called “discount points.” One point equals one percent of the loan amount. On […]

From first-time-home-buyer-center, this is good information about the pros and cons of buying a home Preparing for homeownership For most people the American dream is to own their own home. You can make it happen, and becoming as knowledgeable as possible about the home buying process, and what to expect, will help you reach your goal […]