Archives

If you need to purchase a home for your aging parents because they cannot qualify for a mortgage on thier own, there are mortgage programs that can help you. The property would be classified as a [...]

If you need 100% financing to purchase a home, you should look into the USDA Loans. These loans require no downpayment. Although the homes must meet USDA eligibility, you’d be surprised at [...]

Are you purchasing a home in the flood plain? Investors are now requiring lenders to actually have a flood policy prior to closing, and receipt that it is “paid in full”. These must go through [...]

If you will be using a lender to help you purchase a home, there are several things that you will need to be aware of from the time you apply for your mortgage until your home closes.  This is a [...]

I had a chance to sit down with Terry Traylor, RREA’s in-house lender, to ask him some questions about the mortgage process and get his take on what lenders are looking for to lend. Enjoy!

There are a lot of myths out there about the best ways to improve your credit score, and some people just plain don’t know where to begin.  These days, lenders pretty much demand a 740 credit [...]

No, you do not need a job to purchase a home. However, you do need verifiable income if you are going to get a mortgage on the property. Lenders are not doing “asset based” loans [...]