You have to pay closing costs on almost every mortgage you take out, unless you are able to negotiate a no-closing-cost loan with your lender. That being said, it pays to be informed about the costs you are being charged and which charges you can negotiate and/or shop around for to get the best deal. USDA loans are meant to help people that are in a lower income bracket and are unable to secure financing from any other source, but that … [Read more...]
Three Ways USDA Loans Can Benefit You
Many people assume that USDA loans are for farmers, however, that’s not entirely true. USDA loans are for individuals that live in rural areas and many people who live in suburban neighborhoods think they don’t qualify for this type of loan. What people don’t realize is that many people are eligible for this loan, and they just don’t know it yet. A very large portion of the United States fall into these “rural” guidelines that are … [Read more...]
