Closing costs are the part of home buying that can surprise the buyer. They can be a surprise because either they weren’t planned for at all, they are high than expected, or both. It can be a bit of a shock to discover that the down payment you saved isn’t...
Year: 2023
What is mortgage insurance and why do I need it?
-Mortgage insurance pays the lender a portion of the principle of the mortgage if the buyer defaults. Most lenders require mortgage insurance when the buyer pays less than a 20% down payment. The buyer pays the insurance premiums. "Mortgage insurance might seem like just another way for a lender to...
Ten tips for first-time home buyers from the Paso Robles mortgage consultant
-Buying a first home is an exciting milestone in life, but it can also be a daunting process. With the multitude of options and considerations involved, it's crucial to approach the journey with careful planning and preparation. Marc Coons, Paso Robles mortgage consultant, has the ten top tips to help...