Why should I buy a home rather than continue to rent?
Purchasing a home is one of the largest investments you will ever make. When you rent, you are helping your landlord pay his mortgage and increase his investment equity. If you choose to own your own home, you can build equity for your future, have increased tax deductions from your mortgage interest payments and property taxes and know the great feeling of “pride of ownership.”
How much money do I need to buy a home?
Equity is the market value of your home less your outstanding mortgage balance. As your home increases in value and you pay down your mortgage, you will realize more equity value in your home.
What is Equity?
Should I choose a fixed rate mortgage or an adjustable rate mortgage?
Can I purchase a home with little or no credit?
At Premier Mortgage Funding USA Inc., we offer a variety of loan programs with various down payment options including "No Money Down" programs. Sometimes your closing costs can be rolled into the loan, therefore, using little to no money to actually close on your new home. Use this simple calculator to get an idea of what your monthly mortgage payment may be.
Each borrower's situation is different. Thus, one of our loan professionals will be happy to speak with you and explain all of your options. A fixed rate mortgage will stay the same interest rate for the life of the loan. An adjustable rate mortgage will remain the start rate for the initial 2, 3, 5, 7 or 10 year period and then adjust periodically. You and one of our loan professionals will decide which is best for you.
Yes! Premier Mortgage Funding USA Inc. has programs for those who have not established many credit trade lines and those with a perfect, long-established credit history.
Can your company help me repair my credit?
Yes, with no cost to you, we can give you the tools you need to help correct or repair your credit. We enjoy helping people get to the place of homeownership, regardless of their past credit situations.
What is a Good Faith Estimate?
A Good Faith Estimate is a list of all the costs associated with purchasing your home. Once you apply with Premier Mortgage Funding USA Inc., we are required by law to provide you with an accurate list of the charges you can expect. These will cover everything from the initial appraisal to state taxes that would be collected at the closing and many items in between. We will carefully explain each line item to you so that you are fully informed up front. We guarantee you will not have any surprise fees at the closing that we did not go over with you ahead of time.
