As a landlord, you can make the transition period much less stressful by providing a Welcome Letter, which serves as a quick reference guide and covers the basics of what the tenant needs to know.
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FHA Mortgages – An Overview. FHA Loan Benefits. The home buyer wants to make a 20% down-payment to avoid mortgage insurance, but is slightly short of this amount because of closing costs or reserve You don’t want to lose the extra $2,000 that the seller has agreed to credit you at closing.
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Refinance your mortgage. First-time homebuyer grants and programs. Eligible borrowers may only use VA loans for their primary residence. You can’t finance an investment property or vacation home with a VA loan. Most lenders want an applicant with a credit score of 620 or higher.
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