Posts by Brian Wickert
Jumbo Mortgage Loans
What is a jumbo mortgage loan? When a home loan is greater than the $548,250 conforming mortgage limit, we call it a jumbo mortgage loan. These larger loan amounts assist homebuyers in financing higher-value properties and make buying or refinancing a reality without the very large down payment that’s otherwise needed when tied to the conventional conforming…
Read MoreFixed Rate Home Loans
What are fixed rate home loans? A fixed-rate mortgage loan is a type of home loan in which the monthly principal and interest payments remain the same throughout the life of the loan. The most common fixed-rate mortgage loan terms are 30 and 15 years. With a 30-year fixed-rate mortgage, your monthly payments are lower…
Read MoreFHA Loans (temporarily unavailable)
An FHA loan (Federal Housing Administration) provides government-insured loans that are ideal for homebuyers and homeowners with less-than-perfect credit. FHA loans are not restricted to first-time buyers. There are no income limits, but there are loan amount limits** that vary by county: Click here to look up a specific county’s FHA loan limit FHA loans require a 3.5% down…
Read MoreBridge Loans
What they are, and how you can get one. In today’s competitive real estate market, sellers typically won’t accept offers that depend on the sale of a Buyer’s existing home. It’s just too much risk; What if the sale falls through? In these situations, bridge loan companies can provide a crucial tool for getting your…
Read MoreAdjustable Rate Mortgages
An adjustable rate mortgage is a loan type that offers a lower initial interest rate than most fixed rate loans. The trade off is that the interest rate can change periodically, usually in relation to an index, and the monthly payment will go up or down accordingly. For many people in a variety of situations, an…
Read MoreThe Accunet Mortgage Show (02/14/2021) Episode
This week’s Highlights: Pros and cons of a dual pre-approval Greater Milwaukee Association of Realtors January home sale numbers Download a transcript of this week’s episode here. The Pros and Cons of a dual pre-approved mortgage Our first-time home buyers you’ve read about the past couple of weeks have gotten a strategy locked down! We’ve…
Read MorePurchasing A Second Home In Florida
If you’re like us and call Wisconsin home, then you’ve probably dreamt about buying a second house down in Florida at one point or another. But even for those of us who enjoy the Midwest and the snowy winters that come with it, sometimes you just need a change of scenery. At Accunet Mortgage, we…
Read MoreEverything a First-Time Homebuyer Needs to Know
Some think of buying a home as a stressful process — and it can be. There are many things to keep in mind when buying your first home, and the amount of money being discussed can be intimidating. But with the proper guidance and preparation, being first-time home-buyer is immensely exciting. The home-buying process, step-by-step…
Read MoreFirst-Time Homebuyer Requirements
Buying your first home can seem overwhelming, but take a deep breath; we’re here to help you. Understanding the process and requirements for your first mortgage can help you plan and uncover any surprises upfront, saving you from unneeded headaches down the road. All good things, right? Let’s go over the most common homebuying requirements…
Read MoreFannie Mae Condo Guidelines: Condo Approval Process
If you’re buying a condo, or if you’re planning to sell one, it’s important to remain vigilant. Unfortunately, condo associations are often busy, and things can fall through the cracks, which can end up disrupting the buy/sell process. Table of Contents: What does “Fannie Mae approved condo” mean? What if I’m not financing my condo?…
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