Choosing the right South Florida community often means comparing Pinecrest with nearby areas such as Palmetto Bay and Cutler Bay. Vivian Selling Florida helps buyers and sellers understand how these
Dated: December 1 2021
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Give yourself the gift of knowledge this holiday season by getting your mortgage questions answered one by one. Here are three to help get you started:
Q: How far in advance should I apply for a mortgage?
A: Ideally, you want to start the process when you are shopping around for a new home. Doing so will tell you exactly how much you can afford, what your monthly payments will be, and what your total monthly obligations are.
Q: Do I need 20% down to purchase a house?
A: While putting 20% down can improve your chances of getting approved and locking in a lower rate (and monthly payment), lenders and mortgage programs will accept less than 20% so long as you buy mortgage insurance.
Q: I just got a new job. Will this impact getting a mortgage?
A: Most lenders like to see a two-year job history in the same field though changing jobs for a better position could be seen as favorable. If you’re a soon-to-be college grad, you may be able to get a home loan even without a two-year work history.
Have more questions about buying a home? There’s nothing I love more than sitting down with buyers and walking them through the process step-by-step. Interested? Send me a DM, and we’ll set up a time that’s convenient for you.
Born and raised here, we are very knowledgeable in the area both professionally and personally. We are a family team with diverse skills in real estate. My husband, Tom, who has experience in building....
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