This well-written article will assist Palos Verdes home buyers in determining their mortgage options when purchasing their new home. Home buyers strengthen their position when they submit a PreApproval letter and proof of funds along with their Purchase Offer. Included is some information to gather before applying for a home mortgage/loan
Palos Verdes real estate appraisals for Palos Verdes homes have been affected by Fannie Mae rules which created appraisal management companies which may now have to disclose just how much the appraisers have actually been paid and how much the management companies are keeping.
Increased FHA loan limits can help Palos Verdes homes buyers with its generous 3.5% down payment requirement and minimum 620 FICO score requirement.