Bob Ramalho

Berkshire Hathaway - Verani Realty

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Bob Ramalho February 24, 2023

What To Know About The 2-1 Buydown Program

You are probably excited to close on your home, but you may have also seen that your interest rate might be a bit higher. If you are looking for a way to save money, particularly if you have a lot of work to do on the home, you might be looking for a way to reduce your interest rate during the first couple of years. One option is to perform a 2-1 buydown. What do you need to know about this option, and how do you know if it is right for you? How A 2-1 Buydown Works This is a special type of … [Read more...]

Filed Under: Real Estate Tagged With: 2-1 Buy down, Mortgage Ready, Real Estate

Bob Ramalho February 23, 2023

How To Successfully Use Your Down Payment to Achieve Your Home Buying Goals

When you are considering purchasing a home , understanding the lending guidelines regarding a down payment is important.  Here are a few key tips to consider: Gifting of a Down Payment There are some programs that will allow you to use a gift for your home down payment. However, before you assume this, make sure you talk to your loan officer. Generally speaking, the lender will require the person making the gift to provide a letter stating the money was a gift and does not require … [Read more...]

Filed Under: Real Estate Tagged With: Down Payment, Real Estate, Seasoning

Bob Ramalho February 22, 2023

The Most Common Real Estate Investing Terms You Need To Know

If you are thinking about investing in real estate, you probably know it is a great way to diversify your investments. But, like any investment, you must make sure you choose your targets wisely. That means understanding a lot of the jargon in the field. You will come across a lot of real estate investing terms, but what are some of the most important ones you need to know? Hard Money Loan There are a variety of real estate loan options, and one frequent choice among real estate investors is … [Read more...]

Filed Under: Real Estate Tagged With: i, Investment, Real Estate

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