Get Fixed Rate Financing for Your Condo
Financing for a condo is different than financing for a single family home or a zero lot line. For example, some lenders will only offer an adjustable rate mortgage if you’re purchasing a condominium – which could cost you more in the long run! Discover why RMN believes in offering fixed rate mortgage for condo…Read More
Financing a Condo with RMN
Financing for a condo is different than financing for a single family home or a zero lot line. For example, some lenders will only offer an adjustable rate mortgage if you’re purchasing a condominium – which could cost you more in the long run! Discover why RMN believes in offering fixed rate mortgage for condo purchases. Fixed…Read More
Showers Bring May Flowers AND Spring Home Buying Fever – Are You Pre-Approved Yet?
Why is a pre-approval so important? In this market, homes are selling almost as fast as they are going on the market. If you don’t have a pre-approval when you look at a property, it might be too late by the time you make an offer. Having a pre-approval letter to present with the offer from a reputable…Read More
Fixed Rates: Your Pot of Gold at the End of the Rainbow
It’s no secret that all of us at RMN are passionate about offering fixed rate financing for our borrowers. However, it’s important for you to understand exactly WHY we are such proponents of fixed rates. After all, “What’s the harm if I get an adjustable rate mortgage (ARM) from my local bank? It has the lowest…Read More
Inspections: Why They’re a Good Idea and How They Differ From Appraisals
Your Realtor might encourage you to do a home inspection, and we do, too! What is a home inspection, though? Doesn’t the lender already require an appraisal? Yes, the lender does require an appraisal, but an appraisal is not the same thing as a home inspection. An appraisal is ordered to protect the lender by confirming…Read More
How to Choose a Loan Program
Does the idea of deciding on a home loan make your head spin? You may have questions like these: Why would someone choose a Rural Development loan (USDA) over a Conventional Loan? Why did my other lender tell me the VA loan isn’t the best option for me? How do you know if you can…Read More
The Truth Behind Interest Rates
Many borrowers choose to select their lender based solely on the interest rate that is advertised or offered to them. However, it is critical for any borrower to understand there are more factors to consider than the rate that is presented. Avoid being misled by dishonest lenders by knowing which information to keep in mind…Read More
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…Read More