Finding the right Cape Cod home is exciting, but it can be confusing when the purchase price gets close to the conventional loan limits. A Cape Cod home purchase generally requires a jumbo loan when the mortgage amount, not the…
Finding a Cape Cod home you like is exciting, but peeling paint, an older roof or a dated heating system can make the financing feel confusing. You may be able to buy a home that needs repairs with an FHA…
Buying a second home may feel a little confusing if you also plan to rent it for part of the year. Lenders generally do not use projected rental income from a true second home to help you qualify, although documented…
Buying your first home on Cape Cod is exciting, but figuring out how much cash you will need can feel confusing. The cash needed to buy a first home usually includes your down payment, closing costs, prepaid taxes and insurance,…
Having a mortgage balance does not automatically stop you from getting a reverse mortgage, but you may be wondering how that balance gets handled. You may qualify for a reverse mortgage if you still owe money on your home, as…
Buying a home on Cape Cod can be exciting, but figuring out how to purchase it without taking on a required monthly mortgage payment may feel confusing. A reverse mortgage for purchase allows an eligible borrower age 62 or older…
Buying another property can be exciting, but the occupancy rules and mortgage choices can take some time to settle in. A primary residence is the home you intend to live in for most of the year, while a second home…
Buying a second home can be exciting, but the down payment, rate and reserve rules can feel different from the mortgage on your primary home. A second home mortgage is generally a conventional loan for a property you will personally…
Buying a home on Cape Cod with a VA loan can feel confusing, especially when you are trying to sort out eligibility, property rules, and closing costs. A VA home loan is a mortgage backed by the U.S. Department of…
A reverse mortgage may help you use part of your home equity, but the eligibility rules and costs can take some time to settle in. A reverse mortgage is a loan for an eligible homeowner that converts part of the…