First-time homebuyers often qualify for special benefits, such as lower minimumdown payments, special grants, and assistance with payingclosing costs, that are sponsored by state and federal governments. Many lenders offer first-time homebuyers incentives and special loans. The term first-time homebuy...
Many lenders require home appraisals to make sure the amount they're loaning you matches the property's actual worth. It's up to the seller to prep the home and the lender to choose a company to do the job. Appraisers will determine the home value by looking at factors such as square ...
Cornerstone Home Lending, Utah is a mortgage broker and lender specializing in the following areas: First Time Homebuyers grants, Reverse Mortgages, Cash Out Refinance, Debt Consolidation Loan, Purchase, Jumbo Loans. We have very competitive mortgage rat
Theloan-to-value (LTV)ratio on a home loan measures the mortgage amount versus the home's appraised value.5If the LTV of a first mortgage is greater than 80%, lenders generally requireprivate mortgage insurance (PMI). In such a case, it sometimes can be economical for a borrower to limi...
who are eligible for and purchase mortgage default insurance and meet other conditions. Mortgage default loan insurance is required by lenders when homebuyers make a down payment of less than 20% of the purchase price. Mortgage loan insurance helps protect lenders against mortgage default, and enable...