Top down payment assistant options for your new home [Real Estate Insider]

Aug 19, 2020 10:34:43 AM / by Mark Gorman posted in Mortgage, Home Loan, financing contigency, financing, mortgage payments, buying a home, homebuying, loan


If you're a first-time homebuyer or simply worry about being able to afford a down payment on a home, you're not alone. Reaching the suggested 20% down payment mark can be a tall task, and seem like an insurmountable obstacle to some. If you live in the St. Louis or St. Charles area, you no longer have to worry about finding enough money in your budget to put down a healthy down payment for a house you're interested in buying.

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4 reasons why buying a home with cash may be a mistake...

Oct 8, 2019 4:49:14 PM / by Mark Gorman posted in Mortgage, Pre-Approval, Pre-Qual, Lending, Home Loan, Pre-Qualification, Approval, professional, home purchase, financing contigency, FHA, closing costs, homebuyers, home ownership, PITIA, financing, capital, payments, mortgage payments, emergency funds, boosting credit, income, asset, myths, credit bureaus


There’s a common misconception out there that buying a home with cash is always a faster and easier option than financing. If you have the funds to buy a home in cash (congrats on that saving, by the way), financing might actually be a better option. Financing your purchase with a qualified lender offers homebuyers a host of unique advantages that cash buyers just can’t enjoy. If you’re weighing your cash vs. financing options, consider the following:

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Be Prepared for Contract Contingencies

May 19, 2019 8:03:00 AM / by Brett O'Daniell posted in Mortgage, Approval, Underwriting, home inspection, appraisal, financing contigency, FHA, conditions


If you’ve been searching for your dream home, there’s nothing like the relief of finally being under contract.  That’s something to celebrate.  But now that you’re under contract, what should you expect? Your main task now is to work through the contingencies in the contract.

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