How Does My Loan Type Affect My Appraisal?

How Does My Loan Type Affect My Appraisal? - couple loan agreement web

You might think all appraisals are the same, but a buyer’s choice of financing has an impact on the process. It can affect who can perform the appraisal, the minimum health and safety standards the house must meet, and the cost of the appraisal. Appraiser qualifications Not all appraisers can perform every type of loan Read More »

How to Shop for a Seasonal Florida Home

Seasonal Home

Are you a seasonable Florida resident or wannabe? Once summer humidity retreats and leaves began turning brilliant colors, do you dream of bicycle rides on the beach? Shirtsleeve weather in January? Do you vacation for extended periods in the Sunshine State, or frequently, and dread leaving? Sounds like seasonal residency might be for you. Whether Read More »

Mortgage “Gift Fund” Etiquette

Mortgage Gift Funds

Etiquette experts agree that giving someone a gift of cash for a birthday, graduation, or wedding celebration is commonplace. But, did you know that it’s also common to receive a gift of cash for a down payment on a home? In fact, in 2017, the National Association of Realtors Profile of Homebuyers and Sellers estimates Read More »

Why is My Credit Score Lower From My Lender?

Credit scores

If you have recently been on a personal finance site to check your credit score and then applied for a mortgage you may have been surprised at the difference in your credit score. That’s because more often than not, the score you received from the personal finance site is going to be higher than the Read More »

Are Piggybacks Making a Comeback?

Piggyback Mortgage

Piggyback mortgages that is, not the ride children love. Piggyback mortgages, a.k.a. second mortgages, are a loan that rides on top of your primary mortgage. In combination with your down payment, these mortgages allow you to avoid paying private mortgage insurance (PMI). They were extremely popular in the early 2000s and then went almost extinct Read More »