Cheryl Nightingale - Monarch Realty Group, LLC

If you're a veteran or on active military duty, you’ve likely heard of a Veterans Affairs (VA) mortgage loan and are wondering if it’s a good choice for you. You could also be eligible for a VA loan if you’re the spouse of a military member who passed away while on active duty.  A fundamental difference with VA loans is that the VA guarantees the loans made by lenders, but doesn’t lend money. The VA’s backing for private financial institutions serves as insurance against losses if a borrower defaults on a loan.  Is a VA mortgage loan right for you? Here are some pros and cons to help you evaluate: Pros: There's no need to be a first-time buyer, and if you've used this benefit in the past, you can use it again on a future home purchase.  You could qualify for a Bourne VA loan with 100% financing, and no Private Mortgage Insurance (PMI); which is required on conventional loans if your down payment is less than 20%. With a conventional or an FHA loan, you'...

If you've been thinking about investing in real estate, getting your finances in order before you start searching for properties in Bourne and scheduling appointments will save you from money headaches in the long run.  Real estate investments could be one of your largest investments, and unless you have cash ready to invest, you'll need a plan for financing and a plan for cash flow in the future. Here's what you need to do before heading out to property shop in Cataumet: 1) Create A Financing Plan If you have strong credit, consistent W-2 income, and a sizeable down payment, traditional financing could be your best option for your first real estate investment since interest rates are typically low and the terms are attractive. Figure out how much you can afford based on your current expenses, and how much cash you'll need to have on hand for renovations and upgrades. Make sure you know where your liquid funds will come from to improve your chances of landing a go...

One excellent way to improve your financial profile is to buy a home of your own. But we won't lie: It's a long and potentially incredibly stressful process, especially when it comes to the dollars and cents of securing a mortgage loan. So how do you navigate the stress of the journey in order to reach Destination Homeowner? There's a lot that's within your control to help ease some of that stress and make the whole thing a little bit easier. If you take a few steps upfront to manage the financial details early, you'll thank yourself on moving day. Get pre-approved for a mortgage Getting your mortgage loan is arguably the most labor-intensive aspect of buying a home. You'll have to submit documents that show your income and expenses, including tax returns, bank statements, paystubs, and more. A mortgage pre-approval is much more involved than its lighter cousin, the mortgage pre-qualification. But a pre-approval will help you understand exactly how...