by MOMS | Mar 1, 2015 | FAQs
The amount of cash that is necessary depends on a number of items. Generally speaking, though, you will need to supply: Earnest Money: The deposit that is supplied when you make an offer on the house Down Payment: A percentage of the cost of the home that is due at...
by MOMS | Mar 1, 2015 | FAQs
For most homeowners, the monthly mortgage payments include three separate parts: Principal: Repayment on the amount borrowed Interest: Payment to the lender for the amount borrowed Taxes & Insurance: Monthly payments are normally made into a special escrow account...
by MOMS | Mar 1, 2015 | FAQs
There is no simple formula to determine the type of mortgage that is best for you. This choice depends on a number of factors, including your current financial picture and how long you intend to keep your house. Multiple Option Mortgage Services can help you evaluate...
by MOMS | Mar 1, 2015 | FAQs
Generally speaking, you can purchase a home with a value of two or three times your annual household income. However, the amount that you can borrow will also depend upon your employment history, credit history, current savings and debts, and the amount of down...
by MOMS | Mar 1, 2015 | FAQs
There is no exact answer for when you should refinance since all loans are different.The M.O.M.S. team can help look at your individual circumstances and help you make the best plan for you.
by MOMS | Feb 22, 2015 | FAQs
There are individual factors for every loan that affect how long they will take to finish. For the majority of loans M.O.M.S. can finish a loan from application to closing within 30 days.
