Frequently Asked Questions
Why Use A Mortgage Broker? Simple: We can guide you through this complex process. What are the costs associated with buying a home? First and foremost, you have to make sure you have enough money for a down payment – the portion of the purchase price that you furnish yourself. To qualify for a conventional mortgage, you will need a down payment of 25% or more. However, you can qualify for a low down payment insured mortgage with a down payment as low as 5%. Secondly, you will require money for closing costs (up to 2.5% of the basic purchase price). If you want to have the...
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