Monthly Archives: May 2014

How Much Home Can I Afford

How much of a mortgage can I qualify to borrow? This is typically the number one question mortgage professionals are asked by new clients. Of critical importance when considering mortgage financing:  There is often times a difference between what you CAN borrow and what you SHOULD borrow. In other words, what makes for a "comfortable" long-term mortgage payment? The Quick Answer:…
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Down Payment and Cash to Close

Providing proper asset documentation and the actual source of the funds is a critical element of buying a home. It is extremely important to make sure your loan officer is aware of the exact source of your down payment as early in the process as possible so that all necessary questions, documentation and explanations can be…
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