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TODAY’S NEWS

Application to Closing: How Long do USDA Loans Take?

Application to Closing: How Long do USDA Loans Take?

It’s a common myth surrounding the USDA loan that it takes ‘forever’ to get to the closing. It really doesn’t take too much longer than any other loan on the market. While there is one extra step USDA lenders have to take, if they do their job right, it won’t take...

Why Are Investment Property Mortgages More Expensive?

Why Are Investment Property Mortgages More Expensive?

If you are in the market to buy an investment home or second home, you should know that your mortgage terms will be different. By different, we mean more costly. There’s one main reason lenders charge you more – it comes down to the risk.If you are not living in the...

What Does a Demand Feature Mean in a Mortgage Loan?

What Does a Demand Feature Mean in a Mortgage Loan?

Did you pay attention when you signed your closing documents? Do you know the fine print that was provided to you? If so, do you know if your loan has a demand feature?Don’t worry if you don’t know, as many borrowers are not aware. It is something you should...

Piggyback Loan or PMI – What’s Better?

Piggyback Loan or PMI – What’s Better?

If you are unable to put 20% down on the home you purchase, you have two options – pay PMI or take out a piggyback loan. Either way, you help lessen the risk the lender takes by providing you a loan without a large down payment. Both choices have the same end result –...

Risks Involved in Buying a House With Unpermitted Renovations

Risks Involved in Buying a House With Unpermitted Renovations

Buying an existing home can be exciting and scary at the same time. While you would hope the seller discloses everything there is to know about the home, that’s not always the case. One area they often cover-up, whether knowingly or unknowingly, is with unpermitted...