Cason Home Loans - Clarkston

Yes, look for a VA loan. VA Loans are mortgage loans made by an approved lender and guaranteed by the Department of Veterans Affairs. VA loans are made eligible to veterans and those currently serving in the military, and often have lower down payment requirements than other types of loans. Mortgage brokers are federally licensed firms or individuals who sell loan programs on behalf of lenders. Mortgage brokers facilitate your search for the most suitable mortgage product – but do not process any loans – every loan is sent to the lender (banker) for processing. A commitment you obtain from a lender assuring you a particular interest rate or feature for a definite time period. Provides protection should interest rates rise between the time you apply for a loan, acquire loan approval, and, subsequently, close the loan and receive the funds you have borrowed. A ratio determined by dividing the sales price or appraised value into the loan amount, expressed as a percentage. For example, with a sales price of $100,000 and a mortgage loan of $80,000, your loan to value ratio would be 80%. Loans with an LTV over 80% may require Private Mortgage Insurance. Private Mortgage Insurance is provided by a private mortgage insurance company to protect lenders against loss if a borrower defaults. Private Mortgage Insurance is generally required for a loan with an initial loan to value (LTV) percentage in excess of 80%. An escrow account is a separate account that holds funds for the purpose of paying bills such as homeowner’s insurance and property taxes. Funds to cover these expenses are deposited into the account each month along with your monthly payment and then pays the bills for you when they come due.

Carol Josephine
5 Star
My experience with the Chris Harris team at Cason's Clarkston office was wonderful. Prompt, friendly, honest, helpful and efficient. They made this entire experience easy and stress free. Would absolutely recommend.
Monday 28th September 2020