Closing Costs
There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract. As you go through this you will notice that there are many parties involved in the transaction such as the appraiser, title company, lender, government, real estate agent, insurance company, etc.
We will walk you through the closing costs and answer any questions you may have.
Buyers will receive a loan estimate of closing costs at the time the full loan application is submitted to me. I will be glad to review the loan estimate, answering questions and highlighting all the costs and estimates associated with purchasing a home.
When you purchase a home it’s very common to ask the seller to help with closing costs. Often times buyers are not bringing any money to closing for closing costs.
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The Family Opportunity Mortgage
Unlocking Homeownership: Supporting Loved Ones with the Family Opportunity Mortgage Program
For many, the dream of homeownership remains a significant milestone. But what if you could help a close family member achieve that dream, even if they face financial hurdles? The Family Opportunity Mortgage Program, often referred to as the Family Assist Program, is a specialized mortgage solution designed to do just that – empower families to support loved ones in purchasing a home.
What is the Family Opportunity Mortgage Program?
This unique program was created to address a common challenge: families who want to assist elderly parents, adult children with disabilities, or other qualifying relatives in buying a home, but where the assisting family member might not be able to occupy the home themselves, or where the assisted family member faces challenges meeting traditional mortgage qualifications alone. It essentially allows family members to secure financing for a loved one’s primary residence, often with more favorable terms than a standard investment property loan.
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