With this video, we look to give the basics of what to expect for the home investment process.
National home builders are now designing homes specifically to meet the needs of multigenerational buyers. They’re commonly asking for the flexibility to accommodate separate living quarters and common areas under one roof. This includes first-floor master suites with small sitting areas, kitchenettes, and separate entrances. These buyers also tend to favor open floor plans, wide doorways, and bathrooms to accommodate their needs.
Ever wonder how life might be better as a homeowner? From taking control of your finances and investing in your future, to improving day-to-day quality of living – there’s a lot to love about being a homeowner. Take a look at these 50 benefits homeownership can offer you.
Let The Estrada Mortgage Group make your dream of homeownership a reality. We have a team of professionals to help you through the home buying process.
What is an FHA Loan? FHA insures this mortgage loan. This is typically a more available mortgage option for hopeful homebuyers. Loan size limits vary dependent upon your region. The Federal Housing Administration offers potential home buyers more access to mortgages. The FHA only requires a 3.5 percent down payment and a credit score of 580 before backing a loan. Additionally, the opportunity offered by the FHA affords a number of additional benefits that make borrowing more attractive.
Now they have finally been completed and implemented by the Consumer Financial Protection Bureau. The new rules are called TILA-RESPA Integrated Disclosure, or TRID. It is meant to make the mortgage process easier to understand and more transparent. This is done through two new forms, rules about timing and strict regulations about changes. TRID is sure to take some time to get used to for real estate agents, lenders, buyers and sellers.
New American Funding is here to serve the needs of its borrowers, and right now, many of those borrowers are millennials. We understand that when it comes to the mortgage loan process, millennials have varying preferences in how they select a lender as well as how they want to communicate with that lender. It is vital that Loan Officers shift their marketing and customer service strategies when working with this tech-savvy, inquisitive generation.