by The Mark Klein Team | Jun 10, 2019 | Home Buyer Tips, Home Mortgage, Mortgage
The government’s rule tightening for reverse mortgages has opened a window for new proprietary reverse mortgages. While the HECM does meet the needs of most borrowers, in the past it has left out a significant portion of the higher net worth market —...
by The Mark Klein Team | Sep 6, 2018 | Mortgage
Securing the best conventional mortgage rate possible can pose a challenge for even veteran property buyers. Your mortgage rate will be determined by a variety of factors that pertain to your unique financial portfolio as well as economic forces. While no one has full...
by The Mark Klein Team | Jul 3, 2018 | Mortgage
For first-time home buyers, closing costs are a major hurdle for home ownership. Coming up with a down payment and several thousand dollars for closing costs can be hard without home equity to tap. To help, buyers often ask sellers to cover all or some of these costs....
by The Mark Klein Team | Mar 20, 2018 | Mortgage
1) Do I have enough equity to get a mortgage? To get a conventional loan, you will usually need to have at least 20 percent equity. This means that your house will have to be worth at least $250,000 to get a $200,000 loan. If you have less equity, you could end up...
by The Mark Klein Team | Mar 13, 2018 | Mortgage
Like credit cards or car loans, some mortgages allow borrowers to have co-signers on the loan with them, enhancing their application. However, a co-signer on a mortgage loan doesn’t have the same impact that it might on another loan. Furthermore, it poses...