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Mortgagepedia

Loan Ratio

A Guide to Loan-to-Value Ratio

Whether you are a first-time homebuyer in Texas or are looking for a loan to finance an additional property; to qualify your loan request, the lender will consider various factors such as your employment history, income, credit history and down payment percentage.

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First Time Buyer

First Time Home Buyer Costs

Many home buyers believe that having saved enough for a down payment is all that they need for buying a new home. The notion, however, is far from truth as there are several additional costs associated with home buying, other than down payment. While some loans such as VA loans for veterans or USDA home loans may allow some closing costs to be rolled into the original loan, a homebuyer will likely still have other out of pocket expenses. Having said that, in this post we list five additional home buying costs that homebuyers must factor in at the time of buying a new home.

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