maudience, Author at Residential Mortgage Network

What’s an Appraisal, Anyway?

A home appraisal is a report completed by a third-party licensed appraiser that provides an opinion of value for a property. The purpose of the appraisal is to determine that the price you agreed to pay for the home is supported and to make sure the home is habitable in its current state. The appraisal is…

Closing: How Does RMN Get It Done in Only 2 Weeks?

Residential Mortgage Network, Inc. is a locally owned mortgage banking company. What separates us from other lenders is our ability to close your loan in just 2 weeks. How do we do it? All of our staff are on-site to process, underwrite, approve and close your home loan. We train our staff to keep things moving – we are efficient…

VA Loan 101: Why VA Loans Are the Best for Our Veterans

A VA loan allows a Veteran (and his/her spouse) to purchase a home with no money down and obtain a fixed rate. Even with down payment, a VA loan is often chosen by a Veteran over any other loan because the interest rate is typically lower than a regular conventional loan. Be careful, not all lenders will tell…

When it Makes Sense to Use the USDA Rural Development Program

We hear it all the time, “my friend told me to call you about a mortgage loan they got from you – something like Rural Development”. Buyers don’t know what they are asking for – but they know their friends bought a home using it and they want to, too! Realtors and buyers alike don’t…