Programs & Grants for First-Time Home Buyers in 2021

Plus, refinance up to 80% of your home's value in order to cash-out your equity.

Buying Your First Home Starts Here Buying a house is a lot to wrap your head around — especially as a first-time home buyer.  But if you know what to expect, it doesn't have to be stressful or confusing.  This guide will help you figure out how much house you can afford and how to finance it, which are the first two steps to buying a home.  Ready to get started?   Verify Your Home Buying Eligibility Today What Is The FHA Cash-Out Refinance?   The FHA cash-out refinance lets you refinance up to 80% of your home's value in order to cash-out your equity plus it allows lower credit scores and more flexible debt ratios than other cash-out programs. Unlike an FHA streamline refinance, the cash-out refi does not require your current mortgage to be an FHA loan. With an FHA cash-out, you can pay off any loan type, plus take equity out of your home in the form of a check, or have it wired to an account of your choice.   Learn More How Long Does It Take to Close a Mortgage?   The typical time to close a mortgage ranges from 45 to 60 days.  This is the amount of time it takes from loan application to "loan funding" — which is when the new home or refinance loan is officially a done deal. Depending on your loan type, credit profile, and loan purpose (purchase or refinance), your mortgage might close faster or slower than average.   Learn More Find And Lock A Low Rate View this email in your browser 200 112th Ave NE, Suite 310 Bellevue, WA 98004 888-723-5751 | www.themortgagereports.com (c) Copyright 2021 TheMortgageReports.com. All Rights Reserved. Non-government, independently-run website. Operated by Full Beaker, Inc. NMLS #1019791.  View our licenses on the NMLS Consumer Access Website. See our loan rate disclosures and license disclosures.    If you no longer wish to receive emails, please Unsubscribe Here

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