3 Ways to Avoid a Down Payment
If you’re looking to buy a house soon—but you’re being put off by the thought of saving enough money for a down payment—it’s your lucky day. We’re going to go over ways someone can still purchase and get into a house while avoiding a down payment. The common myth you might have heard before about…
Read MoreVA Loans Myths vs. Facts
The VA loan is one of the most amazing loan programs (one of our favorites) and provides some incredible benefits to qualified service member borrowers. Unfortunately, the VA loan is also known for having a stereotype, especially with first-time homebuyers—or first-time sellers—because of the many myths and lies that exist that are perpetuated by the…
Read MoreWhat Does Diversity, Equity, and Inclusion Mean at RMN?
Diversity, Equity, and Inclusion are popular buzzwords in our industry. Many lenders are moving toward a more inclusive approach and using these words to show clients which way the industry is trending and to indicate themselves as a lender they can trust. We’re excited that these buzzwords are getting more attention in our industry, but…
Read MoreRD Loans are Perfect for First Time Home Buyers in Iowa
Americans across the U.S. are moving out toward the suburbs and rural areas—and it doesn’t look like this trend is going anywhere anytime soon! Some people may have believed that the migration of many Americans from cities to suburbs was a Covid-19 fueled phenomenon. However, data suggests that this shift began long before the Covid-19…
Read MoreAll About Bridge Loans
We’ve had a lot of questions lately about bridge loans from Realtors and buyers alike, mostly because we’ve been doing a lot of them! In fact, we’ve done more bridge loans in the last two years than ever in our history of existence (36 years!) That tells you a bit about our market! Let’s talk…
Read MoreThe Underwriting Process Isn’t Scary!
Underwriting! We often hear from clients that the underwriting process intimidates them. We believe there is a stereotype in our industry that underwriters are “out to get” clients by trying to hinder them from closing. This is simply not the case with RMN and our underwriting process! Our goal is to get more people approved…
Read MoreVA Loans and VA Related Repairs
Have you been discouraged from a VA loan because of potential repairs? EEK!! This may be a red flag – you should never be discouraged from using the benefit you earned with your service! The vast majority of the VA loans we close do NOT require repairs! But let’s discuss what happens if there are…
Read MoreDon’t Count Out FHA Loans
FHA Loans are all the rage right now! As they should be! For some buyers, FHA loans are a GREAT option, and as a realtor or a borrower, you want to find the perfect home and secure the best possible financing options for yourself or for your clients. And there are many reasons why you…
Read MoreCredit Report Pulls and Lender Calls
We’ve run into an annoying issue lately that we want to take some time to address. Borrowers are coming to us saying that the minute we, or another lender, have pulled their credit, they get other random lenders calling them or texting them–sometimes with aggressive sales tactics! We want to make it clear that we…
Read MoreAre Government Loans Worthless?
We recently heard that another lender in our area used the word “worthless” in reference to government loans. We couldn’t believe that choice of words over here at RMN because it’s simply not true! It’s no wonder that buyers and Realtors are sometimes confused about financing options! We don’t mean to offend, but if spreading…
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