Call us today! (662) 610-0396 | (662) 816-0083

Lending

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 lending 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

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 [...]

Read More
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 [...]

Read More
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 [...]

Read More
Go to Top