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Anyone with a credit score of 580 or higher will be able to get a mortgage with only a 3.5 percent down payment. If you have owned your property for less than 10 years and choose to sell it, any financial gain made will be subject to capital gains tax of 25%. However, an exception is made if the property has been your main residence for at least two complete years.
After entering this data into the German mortgage calculator, we calculate the estimated loan amount, interest rate, and monthly repayment rate. A fixation period which is too short could cause you financial hardship if interest rates go up significantly in the future. However, too long a fixation period could result in high costs, inflexibility, or exorbitant cancellation fees if you move on early.
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A Certificate of Eligibility from the VA will show whether you qualify based on your service history and duty status. Your mortgage loan officer will work with you to obtain the Certificate of Eligibility. Our flexible qualification guidelines for VA loans make it a good option for active-duty military members, veterans and their spouses who are looking to buy a home. As first time home buyers, we are absolutely happy with the Clear Lending. Joan worked very hard at getting all the paperwork done and getting us into our dream home. If you are a first time homebuyer, we would definitely recommend using Clear Lending.
I would like to thank Joan and his team for helping me get my first home! Y'all made the home buying process easy for me! People with credit scores under 500 are generally ineligible for FHA loans.
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Too many official like mailings asking for money. Thanks again and call me with anything you may need. E related questions or concerns and am confident he will be there for us for years to come.
Please let me know if you ever need anything from us. They are easy to communicate with and always available, they made the process of buying a home very easy and Im beyond grateful to have found them. It was a privilege to serve you and honored to be the one you selected to help find your dream house. Please let me know if you ever need my help or services for anything else. Should you receive any confusing mail please send me a pic and I will let you know whether you need to pay attention or discard.
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Furthermore, Clear Lending also provides possible solutions for cases where debt-to-income ratios were slightly higher than needed. The following program only applies to the purchase of a primary residence. The vast majority of borrowers use their savings to make their down payment.
Aside from the real estate agent fees, additional purchase costs are usually paid only by the buyer. The monthly repayment rate comes from the loan amount, the annual interest rate, and the annual repayment rate. The interest rate is fixed for a certain term. Particularly long fixed interest rates are usually higher.
They good people will take care of you never rush you in the process always guide you trough the whole process from getting a mortgage searching for a house to closing on the house. After four months of searching I'm a first time home buyer and the whole process was smooth even though I was outside of Houston, thanks to Joan and the team. The mortgage loan interest rate and its closing costs may vary between lenders. Borrowers who purchase their homes with FHA loans will need to pay mortgage insurance to protect the mortgage lender from a loss if borrowers' loan defaults. Fixed interest rateThe longer you fix the interest rate, the more security you have in planning your mortgage loan.
Thanks again for the opportunity to serve you. Words really can’t express our gratitude with Joan and his attentive and polite team of experts, who were always professional and answered all our questions promptly in a knowledgeable manner. Per our conversation we will assist in restoring your credit so we can get your loan at an amazing rate. And the offer to refund you for the credit restoration will be kept as long as you contact us within this year. Simply let us know and we will start cleaning your credit. Thanks again for your review and lets us know once you are ready to start.
Thanks Henna very sweet of you to write us a review after your consultation. Clear Lending is now your house and so you will be welcome anytime to clarify doubts. Research and started the journey there to get financing for a home.
Please let me know should you need anything else from us. At Clear Lending, we help our customers need an FHA Home Loan Program to purchase a home or refinance an existing FHA loan program. First, you must pay an upfront premium of 1.75 percent of the loan amount. Two types of mortgage insurance premiums have been made mandatory by the FHA.
Love to kill myself for clients sooo sweet, humble and apreciative as you are. Yes this is a super difficult market yet we always need to try get the best deal. Thank God sellers were reasonable and understood repairs and concessions were fair.
It is necessary for you to know what program will suit your needs the most. There are many government loan programs in Texas that offers you some benefits, which are different from the other programs in Houston. You need to do proper research and know about it. Veterans Affairs loans are home mortgages backed by the Department of Veterans Affairs. With a VA loan, active service members, veterans and eligible surviving spouses can buy a home with little or no down payment. Even with no down payment, VA loans do not require mortgage insurance.
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