Realtor Agency and Why It Matters To You Whether you are buying or selling your first home, most consumers utilize the expertise of a real estate professional. When you work with a Realtor, how they represent you is called agency. This is important because it determines who the agent works for and where their fiduciary …
5 Things to Do Before Starting Your Home Search Searching for a home is a very exciting time, especially if it’s your first home. When you are ready to start looking, check off these 5 things before beginning your search. It will ensure you are prepared to buy the home, get a loan approved with …
Understanding Closing Costs Home buyers are generally responsible for making a down payment on a home as well as paying closing costs. These closing fees typically run between 2% and 5% of the home purchase price. Understanding more about what makes up these fees, will help you to compare rates and fees across lenders as …
Should You Purchase A Second Home? Finishing residency and starting your practice is a very exciting time, and often a time physicians begin looking to purchase a home. After years of schooling you are finally earning a respectable income and with that comes the perks of being able to borrow against that income for a …
Impact Interest Rates Have on Mortgage Payments With the Federal Reserve indicating they are ready to increase interest rates, it’s time to take a serious look at your loan options, if you are considering a home purchase in 2015. Rising interest rates increase the cost of housing and can impact the loan amount you will …
With Record Low Interest Rates Should You Get a Fixed Rate Mortgage? The last three years have seen the lowest mortgage rates found in decades. With interest rates positioned to rise in 2015, this is a great time to buy a home. Housing prices are still suppressed in many areas, yet trending upward. This provides …
How Much Home Should You Buy Physicians are in the fortunate circumstances that they can generally afford an expensive home as soon as you complete medical school. With your new found income sometimes upwards of $250,000 to $300,000 it can be tempting to buy the most expensive home the bank will lend. This is often …
How Banks Benefit From Physician Loans More and more banks are offering special programs for doctors, giving physicians the ability to receive special treatment and special considerations when it comes time to buy a home. This increased competition will allow you to compare rates and programs to find out which offer is best for your …
What Down Payment Should You Make On Your Home Purchase? When you are purchasing a home, some physician’s loans offer loan programs that require either zero down or a low down payment. While it is tempting to accept a loan program with the minimum down payment available, there can be a downside to this strategy. …
Down Payment Options: Where Can The Funds Come From? Over the last several years the approval process for loans has tightened up along with higher credit score and down payment requirements. Fortunately, this past year has seen some loosening of loan requirements, enabling more buyers to gain approval. This is stimulating the housing market. Instead …
