Patrick Merryman is a Siena College Graduate that has been writing on Real Estate for over two years. Patrick writes on topics ranging from mortgage projections to green living for numerous blogs.
May 27, 2014 11:32 am
Published by Patrick Merryman
Ask A Mortgage Master Monday If you have been an active military, naval or air service member this may be the loan for you. The VA loan is a great program put into place for service men and women across the country. The biggest advantage of a VA loan is it is a loan with... View Article
May 27, 2014 11:27 am
Published by Patrick Merryman
You make enough money each month to afford a mortgage loan payment. You have little credit-card debt. And your credit score is solid. There’s just one hurdle keeping you from buying a home: the down payment. Here’s the good news: If someone is willing to provide you with financial help, you can use gifted funds... View Article
May 27, 2014 11:22 am
Published by Patrick Merryman
The interest rate on your mortgage loan makes a huge impact on the size of your monthly mortgage payments. Here’s an example: If you take out a 30-year fixed-rate mortgage loan of $200,000 at an interest rate of 5.5 percent, your monthly payment – not including taxes and insurance – will come out to about... View Article
May 27, 2014 11:15 am
Published by Patrick Merryman
This is a common problem, especially after home prices fell after 2006. If you purchased your home in 2004, 2005 or the first part of 2006, the odds are good that your residence is worth less today than it was when you purchased it. A low appraisal can lead to serious problems when you’re ready... View Article
May 27, 2014 11:01 am
Published by Patrick Merryman
The days of lenders granting mortgage loans without also requiring borrowers to come up with a down payment are over. Even home buyers relying on FHA-insured loans will have to come up with a down payment of at least 3.5 percent of a home’s purchase price. Most conventional lenders require down payments of at least... View Article