Real Estate Questions? #AskEric Episode 2 What lender should you use?
Visit his website http//:www.EricLarkin.com, send him an email [email protected], or give him a call or text at 321-795-1854. So you want to buy a house??? Where do you begin??? There are a lot of steps in buying a home...and deciding how you will purchase the home is one of the most important steps. If you are paying cash; all we will need is proof of funds....either a bank statement or letter from your financial institute...If you are getting a loan; we will need to know what you plan on doing with the home to help decide the best loan program for you. You will need to let us know if the home will be your primary residence (you will live in the home), it will be an investment property (you will have a tenant) or it will be a second home (vacation home, weekend get away). Any of the 3 can qualify for conventional financing. You will need 20% down payment OR you might be able to put as little as 5% down and carry mortgage insurance. If you plan on moving into the home (making it your primary residence) you also have these options: FHA Financing is 3.5% down. This is great for first time home buyers, you haven't owned a home in a while, or the current home you own is NOT FHA financed. VA financing is 100% financing and is a great option if you are military or former military and have a VA eligibility certificate. You can even roll up to 4% of your closing costs into the loan. USDA financing is available in the Port St John and Canaveral Groves area of Brevard County. This is 100% financing. If you like what you are seeing...give the video a thumbs up &/or leave a comment below! Any real estate questions? I would love to hear from you!!
Visit his website http//:www.EricLarkin.com, send him an email [email protected], or give him a call or text at 321-795-1854. So you want to buy a house??? Where do you begin??? There are a lot of steps in buying a home...and deciding how you will purchase the home is one of the most important steps. If you are paying cash; all we will need is proof of funds....either a bank statement or letter from your financial institute...If you are getting a loan; we will need to know what you plan on doing with the home to help decide the best loan program for you. You will need to let us know if the home will be your primary residence (you will live in the home), it will be an investment property (you will have a tenant) or it will be a second home (vacation home, weekend get away). Any of the 3 can qualify for conventional financing. You will need 20% down payment OR you might be able to put as little as 5% down and carry mortgage insurance. If you plan on moving into the home (making it your primary residence) you also have these options: FHA Financing is 3.5% down. This is great for first time home buyers, you haven't owned a home in a while, or the current home you own is NOT FHA financed. VA financing is 100% financing and is a great option if you are military or former military and have a VA eligibility certificate. You can even roll up to 4% of your closing costs into the loan. USDA financing is available in the Port St John and Canaveral Groves area of Brevard County. This is 100% financing. If you like what you are seeing...give the video a thumbs up &/or leave a comment below! Any real estate questions? I would love to hear from you!!