Homeownership is an exciting experience, especially for new homeowners. Use these tips to keep your new property in tip-top shape and to help avoid costly repairs down the road.
• As the saying goes, prevention is better than cure. So before you close the deal on your new home, be sure to request a complete inspection and help avoid expensive repairs from sneaking up on you.
• Trim branches and inspect above your roof. Weak branches can cause significant damage to your roof and could even pose a safety issue if they fall on power lines or fall through the roof.
• An HVAC unit that conks out during a hot summer or a cold winter is a major inconvenience and could be unsafe if it happens during severe weather. Call a trusted HVAC contractor to perform maintenance tasks to keep your HVAC unit in perfect working condition all year round.
• Gutters control the flow of rainwater on your house and protect your roof, siding, and foundation, so you'll want to keep them clear. Clogged gutters can eventually cause a leaky roof and allow water to infiltrate your house.
• Check your smoke alarm and carbon monoxide detectors and change their batteries once a year.
Interest Rates Have Increased
Borrowers May Not Qualify
Due to DTI Calculation
Time To Consider
NO RATIO PROGRAM
No DTI calculation
No Income on Application
No Employment on Application
No Tax Returns
No W2s
No 1099
Only Required to Have
as low as 20% Down Payment
80% LTV = 720+ FICO - 12 Months Reserves
75% LTV = 680-719 FICO - 9 Months Reserves
65% LTV = 660-679 FICO - 9 Months Reserves
Funds for Down Payment
Closing Costs
Prepaid’s
Reserves
Primary Residence
Second Home
Purchase
Refinance
Minimum Loan $200,000
