No Closing Cost Mortgage

Sounds too good to be true, doesn’t it?   But at Amerifund, it’s real. A no closing cost loan. No closing costs – zero – zip – nada.   How do you get one? Just ask any Amerifund loan officer. First, let’s be very clear – these loans are usually (not always) at a higher…

What is Loan-to-Value?

LTV stands for loan-to-value. It is simply your loan amount divided by the lower of the purchase price or appraised value. How to Calculate LTV on a Purchase Let’s say you are buying a house. You negotiated a sales price of $500,000. You are putting down 10%, so you will be borrowing 90% of the…