San Jose Mortgage Lending Information
How large a down payment can I make?
Many buyers look at their cash on hand as their only source for their down payment. This simply is not the case. One way to fund or partially fund a down payment is by using a gift. Parents, grandparents and other family members are often eager to help by making a cash gift toward the purchase of your home.
There are also down payment assistance charities that can help you. And, of course, if you are selling a home, the equity you've built up can be applied to your down payment.
But these are not your only options. Contact a professional San Jose mortgage broker to help you explore all your down payment options, including low down payment and 100% mortgage financing options that might be right for you.
Answers to mortgage questions from a San Jose mortgage broker
- Things to avoid before buying a home.
- How much can I borrow?
- What size monthly payment can I afford?
- How much can you afford?
- How large a down payment can I make?
- How do you "buy" a better rate?
- Getting a home equity line of credit.
- Will I be able to get a home loan after I have filed for Bankruptcy?
- Should you consider financing closing costs, escrow reserves, or other cash needed at closing?
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Congress has been closely watching the recurring nightmares resulting from Identity theft. Over the last year, through the Federal Trade Commission, certain parts of the country were given the ability to get a free credit report from the three large data collectors, Experian, Equifax and TransUnion. Analyzing your credit report is not only a great way to see if your identity has been stolen, but an effective way to manage your credit past and prepare for future credit needs.
