article thumbnail

Different Mortgage Options Explained

Realty Biz

The stage of buying a home when you need to obtain some help with funding can be a hair-pulling experience, or it can be as easy as pie. Before you have reached this stage of the game, you should have already created a budget to make sure you know your limits, and you should know where you want to move to.

article thumbnail

Selling a House ‘As Is’ in North Carolina

HomeLight

Schaus does business in the area of Fort Bragg, which means that Department of Veterans Affairs home loans ( VA loans ) are used very often by buyers. When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan. No staging.

As-is 83
article thumbnail

21 Dos and Don’ts When Buying a Home

HomeLight

Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. Also during this stage, your lender will pull your credit report after getting your consent. Some loan programs, such as those backed by the FHA , allow for a down payment as small as 3.5%