Mortgage Forbearance vs Mortgage Deferment
With so many people out of work due to the stay at home order in New Orleans, folks are getting a little nervous about having the ability to continue making their mortgage payments. You’ve...
Debt To Income Ratio #1 Reason for Mortgage Denial
When it comes to applying for a mortgage loan, people understandably get a little nervous. Most of us don’t keep an eagle eye on our credit score and the way it’s calculated is a...
4 Biggest VA Loan Benefits
As recompense for entering the military, VA loan benefits were created in 1944 as part of the GI Bill of Rights. VA mortgage loans are guaranteed by the United States Department of Veterans...
Roll Your Remodel Costs into Your Mortgage
Can I include remodel costs in my mortgage? When it comes to buying New Orleans fixer uppers, we have clients ask “can I include roofing after hail damage costs in my mortgage” quite...
What Does the Government Shutdown Mean for Home Buyers?
As of today, January 22, 2018, the United States government is still shut down due to the failure of Congress to provide funding for the day to day operations of the government. What does this...
Mortgage Recording Fees Increase
Louisiana Mortgage Recording Fees Effective today, August 1, 2017, the cost of mortgage recording fees for a real estate sale or mortgage is increasing. And not by a few dollars. The Louisiana...
How to Buy a Home Without a Down Payment
Plenty of renters would love to own their own home, but don’t think that they can buy without a whopping pile of cash socked away. That’s not always the case, though. Lending...
FHA 203(k) Loans Can Make Buying a Fixer Upper Easy
Sometimes, the home that best suits your wants and needs may not be suitable for your financing if you are using an FHA loan. FHA has a pretty stringent set of rules for property condition, so...
New Orleans Home Buying | What Are Closing Costs?
Closing Costs You may have saved money for the down payment on your first New Orleans home, but did you know that there are additional costs involved in your purchase? While you may be able to...
What is PMI? | New Orleans Home Buying
What is PMI? After talking to their mortgage lender, lots of New Orleans home buyers have the same question. What is PMI? PMI = Private Mortgage Insurance If you put down less than 20% of the...
100% Home Loans Now Available on the West Bank | Jefferson and Plaquemines Parishes
Effective today, 100% home purchase financing is now available on the West Bank of New Orleans in every area except Algiers. The USDA has opened up their lending guidelines to include Plaquemines...
