You Can Buy That “Fixer” or Upgrade Your Home With Renovation Funds

A big challenge for buyers in today’s tight market is finding a home in the right neighborhood, which is in acceptable condition, and the size they want. A great solution is buying a home in need of expansion, updating, and/or repairs and making it perfect. Renovation financing allows you to buy the home in a great location and have the money to make the home your dream-home after closing included … Continue reading...

BUYING A HOME WITH LIMITED FUNDS AND/OR MARGINAL CREDIT

In my 35 years as a mortgage originator and exclusive buyer’s representative, many prospective homebuyers have told me that they are delaying their purchase because of lack of money and/or their credit history. In some cases, delaying the purchase is necessary and prudent. However, in many cases the delay is unnecessary, resulting in a higher payment, a less desirable home, or being priced-out of … Continue reading...

BUYERS HAVE THREE OPTIONS TO COVER THEIR CLOSING COSTS

Buyers and Sellers customarily pay certain closing costs in a real estate transaction. The buyer’s costs can be paid by the buyer at closing, the buyer’s lender, and/or the lender. Buyers should discuss the various options for covering their closing costs early in the process with their lender and agent; so your preferred closing cost strategy is determined before you make an offer on a home. In … Continue reading...