Many people wonder what the best program is for a first time buyer? The answer is dependent on the buyer’s credit score and credit profile, the buyer’s income and the amount of cash the buyer has to spend on down payment and closingClosing is the meeting — typically in person — where all parties sign the final loan and property paperwork and the transaction becomes official. It’s the last step in the process, the point where months of paperwork, verification, and waiting turn into... More costsClosing costs are the fees and charges due at closingClosing is the meeting — typically in person — where all parties sign the final loan and property paperwork and the transaction becomes official. It’s the last step in the process, the point where months of paperwork, verification, and waiting turn into... More beyond the […]
Get your free Credit Report!
Apply on line with Bookend LendingMortgage Company and we will obtain your 3 credit reports in a merged file, send you a consumer copy and review it with you. Everyone is entitled to a free credit reportA credit reportA credit report is a detailed record of your credit history. Mortgage lenders use it to help determine how you have managed credit in the past and how much risk may be involved in lending you money. A mortgage credit report generally... More is a detailed record of your credit history. Mortgage lenders use it to help determine how you […]
New RD upfront & monthly mortgage insura
There’s a change ahead in financing for first time buyers and others who qualify for the RD (Rural Development) loan which is sometimes also referred to as a Farmer’s Home Loan or USDA loan. The good news is the loan will still require no down payment — that’s right — no money down is needed […]
Financing for Marginal Credit – which lo
If you have less than perfect credit, you may assume that you need a large down payment to get approved, but that is not the case. If you are eligible for a VA loan or an RD (Rural Development) loan, you may be able to get approved for a loan with no down payment! […]