If you apply for a mortgage here at Butler Mortgage (or any other lender in the U.S.), we will likely request your tax returns before offering any financial assistance. While you would think that normal financial documents cover everything needed to get a mortgage,... Continue reading
Buying a house for the first time can be a daunting task. The initial down payment, closing costs, and mortgage rates all have large price tags attached and are full of minute details that can be missed by the average customer. The last thing... Continue reading
Getting a first mortgage can be a difficult task. Raising the necessary funds to make the first down payment can be stressful for some people, and if you do not have a great credit score or are relatively unestablished, this can become an even... Continue reading
When buying a home, many people worry about being able to pay the initial out-of-pocket costs. With the burden of having a large down payment, the extra closing costs can cause people to have to wait on buying their home. However, it can work... Continue reading
Finding your dream home can be tough, but acquiring a practical mortgage loan can seem even more difficult. If you are new to the home buying market, it is important to understand the different types loans available to you so that you can make... Continue reading
Everyone knows that having good credit is important for securing a home loan. But not everyone has a sparkling borrowing history. Does this mean you can't qualify for a home loan with bad credit? Not necessarily. There are many different options available to you.... Continue reading
Receiving gift funds for a down payment on a home can make owning a home turn from a dream into reality. But did you know there is a proper way to receive home down payment gifts? Before simply depositing the sum, read on to... Continue reading
PMI, or Private Mortgage Insurance, allows buyers to put down less than 20% for a down payment. However, if home buyers do take advantage of this they're required to pay monthly for PMI. As a result, many home buyers aim to avoid paying PMI... Continue reading
Buying a house outright (for cash) is a considerable expense that many Americans don't have the good fortune to afford. While taking out a mortgage doesn't require as much of an upfront investment, it is a large commitment that requires serious thought. To make... Continue reading
Buying a home and getting a mortgage loan can prove challenging for some people, especially for first-time homeowners. Fortunately, there are several state grants for new home buyers that can assist with down payments, closing costs, and other home purchase related expenses. Each program... Continue reading
Your home's equity is likely one of your most valuable assets, and it likely took years of hard work to accumulate. At first glance, going backwards by borrowing money on your home seems like a bad move. However, in some situations, taking advantage of... Continue reading
A good credit score is not the only item in question when buying a home, but it is a major one. So, what is a good credit score? Generally, a FICO credit score of 700 is considered good. The national average credit score has... Continue reading
Buying a home is likely the largest purchase you'll make in your life. Whether it's your first home or your dream home, you want to make sure you buy a house in a location you'll love for years to come. Are you relocating to... Continue reading
Traditional fixed-rate mortgages are the most popular types of loan programs for borrowers because they generally involve an unchanging monthly mortgage payment that is easy to budget around. The most common fixed-rate mortgages are 15-year and 30-year loans, and while both of their interest... Continue reading
While interest rate fluctuations are common in the mortgage industry, there are actually several reasons why refinancing sooner rather than later can be a good idea. Here are some of the best times to refinance. Before Your ARM Rate Fluctuates If you have an... Continue reading
