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Financing

Do you need to borrow money for your next real estate purchase? This tag will feature all of the related blog posts for real estate financing related topics. Using financing, buyers and investors can secure capital from the lender to buy as well as renovate a property. This is achieved by using the property as collateral for the loan.

With the loan markets constantly changing, we strongly recommend speaking with a mortgage loan officer before starting your property search.

You can shop for loans at bankrate.com.

Other topics that you may want to check out are:

First time buyers

Home buyers

Investment property

Also, check out 6 Ways to Finance Real Estate Investments

20 09, 2019

Costs of buying a home

By |2020-02-19T10:53:09-06:00September 20th, 2019|Home Buyers|0 Comments

Buying a home is a big step for many people, and it also takes a substantial amount of money. Some people will assume that they could never afford to purchase a home. Likewise, others will assume that their credit score is inadequate for banks to lend money. Buying a home requires due diligence From your down payment to figuring out how much you can afford to pay monthly, it takes a lot of due diligence and patience to be sure you can afford a home. The problem is many people tend to forget about some of [...]

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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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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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3 08, 2017

Mortgage rates fall in 2017

By |2018-07-05T09:51:51-05:00August 3rd, 2017|News|0 Comments

Alert residential real estate buyers in Oxford! More positive news for residential real estate buyers in Oxford! The National Association of Realtors Pending Home Sales Index, an indicator of housing demand, fell 0.8% in May for the third consecutive decline. Economists are speculating that interest rates are unlikely to rebound to pre-election highs of 4.3% amidst concerns of the new administration triggering more economic growth. Mortgage rate trends to 10-year T-bill Mortgage rates tend to follow the 10-year Treasury yields. For this reason, mortgage rates will increase if investors are expecting short-term interest rates to rise due [...]

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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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23 03, 2017

5 Predictions for Renters and Home Buyers around Oxford

By |2018-06-24T18:00:05-05:00March 23rd, 2017|News|0 Comments

Oxford MS housing market predictions Without a doubt, 2017 is showing the real estate market in Oxford is very strong. If the property is priced right, I've seen homes sold in less than 1 day. For some time, there has been a short supply of housing inventory and the response has been to build more. For renters, they have seen prices steadily rise as well. Some national trends such as interest rates will affect the Oxford market though their impact is uncertain. Here is Kiamie Real Estate's Oxford MS housing market predictions for 2017: Rents will [...]

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21 03, 2017

Mississippi First-Time Home Buyer Savings Account

By |2020-02-19T10:55:55-06:00March 21st, 2017|News|0 Comments

Some first-time home buyers may have additional financing options if HB 1601 passes. First-time home buyers rejoice! Good news for first-time home buyers looking for homes in Oxford and throughout Mississippi! The Senate Finance Committee has passed HB 1601. The Mississippi legislature proposes to create first-time home buyer savings accounts for Mississippians. The First-Time Home Buyer Savings Accounts can be used for saving funds for the purchase of homes by first-time home buyers. Consequently, the first-time home buyer can only access the funds in the account for the down payment and closing costs for [...]

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20 03, 2017

Should I Buy Down the Mortgage after Fed Rate Hikes

By |2018-06-26T16:00:49-05:00March 20th, 2017|News|0 Comments

Choosing to buy down the mortgage is never an awful idea, but is it the best use of your money? While we are still in the first quarter, national mortgage rates are up 0.5%. With any increase in mortgage rates, one must wonder if the time is right to buy the mortgage rate on your new loan down to control your monthly mortgage costs. Meanwhile, mortgage rates will rise as the Fed's economic outlook becomes more optimistic. How it works Buying down your mortgage also known as paying points is the method used to [...]

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2 02, 2017

Real estate investors are expected to increase portfolio

By |2020-02-19T10:56:10-06:00February 2nd, 2017|Investment, Property Value|0 Comments

A safe bet is real estate investments for the near future. Real estate investments expect to increase for U.S. investors Investors in 2017 and beyond are expected to increase their investments in U.S. markets according to KPMG's 2017 Real Estate Industry Outlook Survey. Real estate fundamentals are regarded as the primary driver of investor interest as well as a growing U.S. economy. Couple this real estate executive optimism with the new U.S. administration's intention to lower taxes and deregulate businesses, there may be a push for increases in new construction and existing home sales [...]

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