Get your docs in a row!

Where’s my what? You just met with your loan officer. You’ve chosen a lender, locked in a rate. He asks, “Where are your docs?” You give him a blank look. “My what?” Your income and asset docs. Your lender can’t approve a loan without your help. You need to provide certain specific pieces of paper…

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 LTV?

LTV stands for loan-to-value. It is simply your loan amount divided by the lower of the purchase price or appraised value. That last part is in bold for a reason — it’s important. Let’s say you’re buying a house, and the sales price is $300,000. You’re putting down 20%, so your loan amount is $240,000.…