Blog

Jan
27
2022

Closing Costs: What Are They and How Much Will You Pay?
A down payment is not the only thing you need to have when closing on your loan. Closing costs are expenses you pay the lender for the various services they provide for the approval of your mortgage. Let’s dive into what closing costs are and how much you can expect to pay. What Are...

Jan
22
2022

New HOA questionnaire could torpedo condo financing under Fannie, Freddie
Reacting to the Surfside tower collapse, the mortgage giants want to know if HOAs need repairs or facing zoning violations. By Jeff Lazerson | jlazerson@mortgagegrader.com | MortgageGrader.com | January 22, 2022 A nightmare scenario looms for condo buyers applying for certain...

Jan
20
2022

Is Buying a Foreclosure Smart for a First-Time Buyer?
If you are looking to buy a home but are worried that you can't afford monthly payments, why not consider a foreclosure as your first home? A foreclosed home is usually owned by a bank or lender and sold at prices way below its market value. Who knows, you may just hit the jackpot by purchasing...

Jan
15
2022

Appraisal pre-approvals can level the home-buying playing field
Fannie Mae and Freddie Mac have data that could help low-income and minority buyers compete with all-cash bids in a seller’s housing market. By Jeff Lazerson | jlazerson@mortgagegrader.com | MortgageGrader.com | January 15, 2022 Today, more than ever, low-down payment buyers...

Jan
12
2022

"How Do I Get a Mortgage Loan If I'm Self-Employed"
We know that getting a mortgage as a self-employed individual can be more challenging than a W2 employee. This is not a reason, however, to let go of your dream to own a house. Follow our tips below for a smooth mortgage approval experience as a self-employed home shopper. What Lenders Are...

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