Buying a Home with Extended Family | Sharing a Mortgage with Family Members

When family members buy a home together, they all become co-signers on the mortgage. They can all live together in the same house, but in many cases, it is not required. That means your parents, grandparents, aunts or uncles, or siblings could help you buy a home as a gift to you, or they could
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5 Questions Unmarried Couples Should Ask before Buying a Home

Roughly 9% of all U.S. homebuyers in 2020 were unmarried couples. If you and your partner are considering a house purchase before tying the knot, there are some important questions you should ask yourself to see if it makes sense.   How does the law see our purchase? In a few states, you are considered
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Should I Pay Mortgage Points?

If you are buying a home or refinancing, you have probably heard about “mortgage points.” This form of pre-paid interest can save you thousands of dollars over the course of your loan but in many circumstances is not worth the upfront cost. How do you know whether to pay points or not? Here’s a quick
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Everyone Deserves a Safe Place to Call Home: Join us for a Lunch & Learn!

Many times, people on the lower end of the income spectrum feel trapped in a cycle of renting a place to live that doesn’t suit them or their families. We are proud to partner with the Northshore Housing Initiative to give working families another option! Many people have questions about this program, and how it
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Your Dream Home Made Easy!

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Case Study: How the Northshore Housing Initiative is Helping People Become Homeowners

We’re proud to be a lending partner for the Northshore Housing Initiative, a first-of-its-kind program in our area. We’re especially excited that it is helping people become homeowners already, right here in our community! Check out the story of our client Gena Richardson’s experience using this exciting new program to realize her dream of home
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First Time Home Buyer? Why 2015 May Be Your Year!

If you are one of the millions affected by the yearly increases in rent, 2015 just might be the year for you to make the jump to owning your own home. The home buying conditions are changing for the better, and that means this year is the perfect opportunity for you to reach your goal
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Important Changes in FHA MIP Calculations

FHA loans have grown substantially over the past decade, primarily because of the benefits that these loans offer to families with low to modest budgets. The perks to choosing an FHA loan, one that is backed by the Federal Housing Administration, are plentiful and include lower down payments, more forgiveness toward poor credit and the
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Why the New Construction Market is Gaining Strength

In the years following the local housing rush which followed Hurricane Katrina, many home builders have lived through a dramatic slowdown in St. Tammany new construction market. Some experts attribute this to the rapid influx of post-Katrina new residents, and others to the general slowdown in the housing market which has affected the rest of
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An Overview of Rural Development Loan Programs

The mission of rural development programs is to assist low to moderate income rural families qualify for homeownership. Living in rural areas, it can sometimes feel like you’re forgotten and lack many of the resources that families living in the cities and suburbs take for granted. Rural development programs improve the quality of life for
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