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When making an offer, you will present to the seller an earnest money deposit (EMD).  This deposit will ultimately go towards your cash to close, which is made up of your down payment and closing costs.  We will be documenting as part of your loan application the EMD clearing your bank account. This deposit says…

Typically, Fannie Mae and Freddie Mac require a full review of a condominium association as part of our underwriting requirements when financing within a condominium.  However, in some cases they can allow a limited review on a conventional loan for a condominium.  A limited review will mean that we need request less documents and verify less…

My role as your loan officer is to help guide you in deciding how to best finance your home purchase.  There are several loan programs to choose from, and the best choice for you is based on analysis of your income, debts, assets, credit, and your goals and long term plans. Let’s get started!  You may…

The down payment is the difference between your loan amount and sales price.  Closing costs are additional.  The down payment and closing costs make up your cash to close. Down payment funds can come from a variety of sources, like: You can use liquid assets like a checking, money market or savings account You can…

While there are many clear advantages of purchasing real estate, rather than renting, you should also consider the advantages and disadvatages of both before you make the important choice between the two.   Why buy? To build equity – Each month that you make a mortgage payment, you’ll build equity through paying down your loan balance. …