Mortgages 101
To determine how much you can afford, analyze the percentage of your monthly income going toward debts. Your remaining income after all debts and taxes must cover living expenses, savings goals, and emergency funds.
A common misconception is that you must have 20% of a home price for a down payment to purchase. Tradition Mortgage offers multiple mortgage products for require far less than 20% down; sometimes as little as 3% down!
Building a new home doesn’t have to be complicated when it comes to your financing. Tradition Mortgage offers internal funding for both construction loans and permanent financing.