by Ana Roque Realtor | Mar 1, 2023 | Tips
1- What happens to your mortgage when you die? When a person with a mortgage dies, the mortgage does not automatically disappear. Instead, it becomes a debt that must be paid off. If the person who died had a co-borrower or co-signer on the mortgage, that person would...
by Ana Roque Realtor | Feb 17, 2023 | Tips
Buying a house: A down payment of less than 20% will add PMI. Down payments & PMI: Typically, buyers put down 5 to 20% of the purchase price but this can be as little as 3%. Buyers putting down less than 20% are required to pay Private Mortgage Insurance (PMI)...
by Ana Roque Realtor | Jan 12, 2023 | Tips
How to prequalify for a home loan as a first-time buyer. What does it mean to prequalify for a home loan? As you prepare to buy a home, you’ll likely come across the term “loan prequalification.” This is the first step in the mortgage process, where a lender provides...
by Ana Roque Realtor | Jan 10, 2023 | Tips
What is an FHA loan? A Federal Housing Administration (FHA) loan is a home mortgage that is insured by the government and issued by a bank or other lender. Unlike most conventional loans, the FHA doesn’t require a large down payment. You can put down as little as...
by Ana Roque Realtor | Dec 13, 2022 | Real State Agent
7 benefits you get when you use a Realtor to sell your home. In the age of Zillow, Trulia, and Redfin, it’s easy to assume that you don’t need a Realtor to help you sell your home. And the truth is, you may not actually need a Realtor. That said, a...
