What is an FHA loan Many families believe that low to moderate income or a less-than-perfect credit score blocks them from buying a home. The Federal Housing Administration, known as the FHA, exists to keep those buyers in the housing market. The FHA runs a government-backed loan program that helps more people qualify for homeownership. […]
Buying a home is the great American dream! Houses all across the country are seeing a steady drop in prices in recent years, and now it’s more affordable than ever to own a home. Of course there are certain benefits to renting, especially if you don’t plan on staying in one area on a permanent
Mortgage buyers who put less than 20% of a down payment at closing will likely pay a PMI, or Private Mortgage Insurance. This policy protects your bank or other lender in the case you can’t pay it back and end up in foreclosure. Unfortunately, you can’t shop around for PMI since the provider adds it
Within just three days of applying for a loan, you will get a document called a Good Faith Estimate (GFE). These pages outline the terms of the mortgage and the settlement charges. Put into place by the Real Estate Settlement Procedures Act (RESPA), lenders must issue a Good Faith Estimate by law. If you applied
Feel free to use our below contact information for anything you may need! At Beycome, our role goes far beyond simply helping you list or buy a property. For those looking for Beycome contact information, we’re here to support you throughout your entire real estate journey, from your first question to the final closing and
