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This categorical search will feature all information and data related to financing residential real estate. Here, real estate followers can read about interest rate trends and effects on the local real estate market. Whether you are an experienced property buyer or a first-time home buyer, there are many articles and resources here that we would like to share with you.

While real estate news and information will largely pertain to residential properties, visitors can find some industry-wide topics included as well. Visitors can find lending trends and statistical data covering all forms of residential real estate such as single-family homes, multi-family, and townhouses. Investors using financial leverage will find this page very useful! Additionally, these categorical search results may also include blog articles discussing the topics relevant to purchasing your next residential property.

Do you need more lending guidance? It is also recommended for users to check out the following related categories:

Building

Investment

8 11, 2018

Prequalifying Worksheet for Prospective Buyers

By |2020-02-19T10:53:31-06:00November 8th, 2018|Lending|0 Comments

Prospective buyers knowing what they can borrow save time in their property searches. To become an educate buyer, customers and clients need to have a budget. To this end, the pre-qualifying worksheet is intended to be a guide to helping prospective buyers understand their affordable home price range. It can also provide your maximum borrowing limit. Getting pre-approved for a mortgage enables you to move quickly when you find the perfect place. As a result, the offer will not be contingent on obtaining financing and the seller will know that you are a ready, [...]

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5 11, 2018

Real Estate professionals earning passive activity loss

By |2023-09-08T11:09:35-05:00November 5th, 2018|Lending|0 Comments

Qualifying for passive activity loss as a real estate professional Real estate investors who qualify are permitted to deduct their rental real estate losses against other income sources (e.g., commissions, wages, and so forth). A real estate professional (salespersons and brokers) can make rental losses fully deductible if the person meets the following criteria: He/she works at least 750 hours in the year as a real estate agent, property manager, or other listed real estate occupation. Real estate professionals must be prepared to prove to the IRS that they are really real estate professionals. For part-time real [...]

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1 06, 2018

FHA Loans: Less strict lending standards and lower down-payments

By |2018-06-24T17:44:54-05:00June 1st, 2018|Lending|0 Comments

Looking for a loan for Oxford MS property? FHA loans can offer low interest rates and less strict loan requirements than other government backed loans. They are backed by the Federal Housing Administration and will require borrowers to pay for mortgage insurance. Mortgage insurance premiums Two mortgage insurance premiums are required on all FHA loans: The upfront premium is 1.75% of the loan amount -- $1,750 for a $100,000 loan. This upfront premium is paid when the borrower gets the loan. It can be financed as part of the loan amount. The second is called the [...]

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28 03, 2017

MS first-time home buyer savings account signed into law

By |2020-02-19T10:55:33-06:00March 28th, 2017|Lending|0 Comments

New Mississippi law provides a first-time home buyer account to provide aid to the purchase of a new property. Mississippi is helping lead the way to home ownership for first-time home buyer Gov. Phil Bryant on March 22 signed HB 1601 into law after unanimously passing the House and passing the Senate 51-1. The Mississippi law will establish a First-Time Home Buyer Savings Account. This new law will create savings accounts for down payments or other home purchase related expenses for Mississippians. Mississippi is now one of only four states to have a First-Time Home Buyer [...]

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2 08, 2016

Housing Opportunity Through Modernization Act

By |2018-06-30T07:09:14-05:00August 2nd, 2016|Lending, News|0 Comments

Housing Opportunity Through Modernization Act could create new financing opportunities for Oxford, MS condo buyers. FHA financing option for Oxford, MS condo buyers As of yesterday (August 1, 2016), President Obama signed H.R. 3700 into law to reduce barriers in FHA financing for condos. During the Great Depression, the Federal Housing Administration (FHA) was formed to insure government-backed mortgages. In turn, this government-backed mortgage instrument provided a greater security for banks to offer more favorable loan terms for the lendee. H.R. 3700 will continue to offer assistance to well-qualified home buyers who are facing [...]

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13 06, 2016

TBD HWY 30 New Albany, MS

By |2020-02-19T10:57:08-06:00June 13th, 2016|Featured Listings, Lending|0 Comments

Located in New Albany near the Hwy 30 exit off of I-22, the space is next to the Holiday Inn Express and the Yamato Steak House of Japan. This space has a drive-thru window and 2200 SQ FT of open space suitable for many retail businesses or restaurants. Rent is negotiable, but a 3-5 year term lease is desired. Call or text A.J. (662-816-0083) or Brian (662-610-0396) to view the property.

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9 03, 2016

Can a pre-approval letter hurt a buyer

By |2020-02-19T10:57:34-06:00March 9th, 2016|Home Buyers, Lending|0 Comments

Preapproval letter pain? Once a buyer finds a home to make an offer, buyers in need of financing go a lender and receive preapproval for an amount. Most preapproval letters are valid for 60-90 days depending on the bank. Typically, buyers share the preapproval letter with the seller(s) after 24 hours of the offer acceptance. Therefore, the preapproval letter needs to completed for the buyer before an offer is presented. The fear of the buyer is that once the seller sees the preapproval amount, the seller will immediately counter offer. There is no reason to allow [...]

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2 03, 2016

Low down-payment mortgage programs

By |2020-02-19T10:57:39-06:00March 2nd, 2016|Lending|0 Comments

Non-traditional forms of credit offer low-down payment terms Low down-payment mortgages are an option to consider when credit scores are low. A new trend in lending is offering its mortgage loans with a near zero low down-payment. Bank of America has recently rolled out a lending plan that will offer its customers mortgages at only 3% down. Of course, there are negative consequences of low down-payment programs such as FHA loans. Notably, low down-payment requirements create higher monthly payments. Consequently, the borrower will pay higher interest amounts over the life of the loan than [...]

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11 02, 2016

First time homebuying: Rent or buy

By |2020-02-19T10:57:50-06:00February 11th, 2016|Home Buyers, Lending|0 Comments

With the recent string of millennials graduating school and entering the workforce many of them must now consider whether or not they should be buying a home or renting. This can be an especially difficult decision if one still has a large amount of student loan debt or the inability to put a sufficient amount of money down on a house. A recent article from The Fiscal Times addresses the trend here. Many young people are attracted to the first time home buyer loans, incentivizing their purchase decision. Some loans only require 3.5% down. Considering today’s [...]

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4 02, 2016

Is it time to refinance with the current low interest rates

By |2020-02-19T10:57:55-06:00February 4th, 2016|Lending, News|0 Comments

While it may take some time to cross the break-even point, a refinance is a good idea if you are planning to stay put for awhile. Pros of refinancing your mortgage There has been a lot of buzz in real estate news lately due to continually decreasing mortgage rates. Low mortgage rates are not normal throughout financial history. Current rates are nearing historic lows. For historical data about mortgage rates, check out Freddie Mac archival data recorded since 1971. Mortgagors need to be give serious analysis to these low-interest conditions when they do occur. [...]

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22 01, 2016

USDA/RHS Rural Home Development Loan

By |2020-02-19T10:58:01-06:00January 22nd, 2016|Lending|0 Comments

Rural home development loan options Rural locations have a lot of financing flexibility for qualified buyers. USDA/RHS Rural Development Home Loan can provide an a great alternative to a conventional mortgage loan. Provided by the U.S. Department of Agriculture (USDA), USDA loans are mortgages guaranteed by the federal government. In fact, the overwhelming majority of the U.S. is eligible for USDA financing. Nearly one third of Americans live close to a property qualified for this program. Furthermore, this program includes single-family housing, multi-family housing, and community facilities programs. Home buyers must qualify for the loan program However, [...]

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22 10, 2015

How closing has changed, the “Know Before You Owe” initiative

By |2020-02-19T10:58:02-06:00October 22nd, 2015|Lending|0 Comments

Banking regulations shaping property condition disclosures New banking regulations will change the closing process for properties buyers. All mortgage lenders are required to use new consumer disclosure forms effective on Oct. 3, 2015. The changes merged the HUD-1 Settlement Statement, the Good Faith Estimate, and the Truth-in-Lending disclosure form into two new closing forms: a Loan Estimate and a Closing Disclosure. Consumers will have more time to review the total costs of their mortgage prior to closing. The Loan Estimate form is due to consumers three days after they apply for a loan. The [...]

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