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What is the Difference Between a Non-Occupant Co-Borrower versus a Co-Signer on a Mortgage?

by Irene Moustakas | Aug 20, 2024 | Uncategorized

A co-borrower is a person you are buying a home with, and you will live in that home together; you are also both equally obligated on the mortgage. A non-occupant co-borrower is someone that is helping you qualify for a loan, but they will not be living in the...

DID YOU KNOW? There Are Interest Rate Incentives for First Time Homebuyers

by Irene Moustakas | Aug 14, 2024 | 1st Time Homebuyers, Rates

If you are a first time homebuyer and your gross income is below your specific county’s Area Median Income (AMI) limit, did you know that you qualify for some pretty attractive interest rate incentives? It can usually result in savings of approximately .5% to .875%,...

How a 30 Year Fixed 2nd Mortgage Can Help Pay Off Debt

by Irene Moustakas | Jun 3, 2024 | Uncategorized

Did you know that Americans owe an astounding $1.13 trillion in credit card debt?  That’s a number that’s hard to picture, isn’t it? Inflation and increased interest rates have contributed to this growing number, and it certainly shows us that many American households...

Why to Consider Working with a Mortgage Broker Versus a Bank

by Irene Moustakas | May 23, 2024 | Uncategorized

If you are looking to purchase a home or refinance your existing mortgage, you may want to look beyond simply walking into your bank. Many people secure a real estate loan through their bank because they don’t always realize that other options may exist. I started out...

Down Payment Assistance Options — Today’s Highlight: Zero Money Down FHA Loan

by Irene Moustakas | May 1, 2024 | FHA, Industry News, Loan Programs and Products

An FHA loan is a government-insured loan that allows as little as 3.5% down payment. Besides allowing little money down, its other advantages when compared to a Conventional loan is that it typically carries lower interest rates, it is more forgiving with lower credit...
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