Archive for July, 2019

What is a USDA Loan?

July 29th, 2019 by bmecker

A USDA home loan offers a zero down payment mortgage for eligible rural and suburban homebuyers. The program was designed to improve the economy and quality of life in rural America. By offering low interest rates and no down payments, it makes it extremely accessible for those who qualify.  Location and household size will limit […]

How to Buy a House

July 22nd, 2019 by bmecker

As you prepare to buy a house, you’ll want to know the ins and outs of it all. Below we’ve listed a few important steps you’ll want to take before you search for your new home.    Understand why you want to buy a home If you don’t have a clear picture as to why […]

Who is an FHA Loan Best For?

July 9th, 2019 by bmecker

FHA loans are perfect for borrowers who have little cash saved up for a down payment. They’re also great for borrowers who have less-than-ideal credit and can’t qualify for a conventional loan. With this criteria, FHA loans are typically popular with first-time homebuyers, and those with low to moderate incomes. A repeat buy can also […]

Home Equity

July 1st, 2019 by bmecker

Home equity is overall what makes homeownership such a great investment! A simple way to think of home equity is to see it as a portion of your home that you truly own. It’s  the value of your home that isn’t included in current home loan. With the opportunity to increase equity, it makes it […]