Cash to Close Archives - South Park Mortgage, LLP

Congratulations, first-time home buyers! You’ve embarked on an exciting journey towards homeownership. As you near the end of this process, it’s crucial to understand the closing process thoroughly. Closing is the final step where all the necessary paperwork and financial transactions take place to officially transfer the ownership of the property to you. To make…

Income No matter what the state of the housing market, having a steady and sufficient income is essential to buying your first home. You will need 2 years of steady income from the same industry. If you have been in school for a professional career, your schooling could could as time in the career…

Once you’ve decided you want to become a homeowner you may not know what step to take next. Should you hire a real estate agent? Should you find a lender? Should you start searching real estate listings on your own? Here’s a look at the typical home buying process to know if you are ready…

Mortgage planning is not just as simple as budgeting for a down payment. You will need to plan for three categories of cash-to-close when buying a home. 1. Down payment. You may be able to put as little as zero dollars down. More likely you can put as little as 1 percent down on a conventional loan…