Zero Down Financing Still Available!

December 10, 2009 by Rob Spring · Leave a Comment 

YES Zero Down Financing is still available.  Although the no downpayment programs of today are not as easy to qualify for as a few years ago, they are still around!
-VA still offers the same 100% program
-Conventional programs are also available for the higher credit scoring borrowers (minimum score for conventional 100% - 680)  These conventional programs even offer financing [...]

Down Payment Alternatives

November 23, 2009 by Rob Spring · Leave a Comment 

Down payment funding alternatives
For many buyers, especially first-time buyers, saving up the funds for the down payment can be a seemingly insurmountable hurdle to home ownership. This doesn’t have to be the case. As your mortgage broker, I can help you find creative ways to come up with your down payment.

Using a gift for your [...]

401K Down Payment Assistance

November 23, 2009 by Rob Spring · Leave a Comment 

You’ve finally found the home of your dreams. There’s just one thing standing between you and your new house: The down payment.
Many home buyers today opt to use funds from their employer’s 401(K) program to come up with the down payment on a house. Ordinarily, you can’t take money from your 401(K) plan unless you [...]

Financing Your Closing Costs

November 20, 2009 by Rob Spring · Leave a Comment 

Should you consider financing closing costs, escrow reserves, or other cash needed at closing?
If you’ve built up some equity in your home, when you refinance, you may be able to “cash out” some of that equity to pay off credit cards or other revolving debt, improve your home, help pay for college, or anything else [...]