Blog entries from Cory Miller

Blog 103 - Cash to Close

Cory Miller — Fri, 22 Jan 2010 04:31:29 +0100

Cash to Close. In the lending business it means having the available money in your account to pay for the required down payment and any closing costs you are responsible for. The funds needed for down payment and closing costs must be “Sourced and Seasoned”.

This is the lender’s way of saying that it must be your money. “Sourced”… Read More...

Blog 102 - FHA and Conventional Loans

Cory Miller — Fri, 22 Jan 2010 03:49:02 +0100

Option #2…continued from my last blog on today’s available fixed rate loans. We last talked about the Rural Home Loan. Now let’s get into FHA and Conventional.

FHA is a loan that was designed for the first time homebuyer. It requires less down payment when compared to a conventional loan (conventional loans now require 10% down in the state ofRead More...

Blog 101 - USDA Home Loan

Cory Miller — Wed, 13 Jan 2010 06:59:11 +0100

You may be wondering what is available for you as a home buyer in today’s market.

Well…we have gone back to what seems like the “Horse and Buggy” days.

To answer this, let’s qualify it. Assuming you only want a fixed rate loan and your loan amount is below $417,000, you have only 3 to 4 options.

Option #1… is the RurRead More...