Tag Archives: Down Payment

Four Strategies to Avoid Getting Stuck in a “Bidding War”

More often in today’s real estate market, buyers find themselves in an all-out ‘Offer Competition’ when trying to buy their dream home.  They have already done their homework by getting pre-approved, determining what neighborhood they want to live in, and what type … Continue reading

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Cash to Close

So you’re thinking about buying your first home.  Or maybe selling and moving up.  Though most prospective borrowers come to me with some idea of the funds necessary for down payment, many don’t have a good grip on the additional … Continue reading

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LTV, PMI, FHA & FNMA – Huh?

Like most industries, we love acronyms in the mortgage world. LTV is the loan amount divided into the value, where value is determined as the lesser of the appraisal or, if you’re buying, the purchase price.  This is the point … Continue reading

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