Getting a Mortgage With a Lower Downpayment

For many, that 20% down payment for a mortgage seems like a daunting figure, one that would be impossible to achieve. What many also don't know, is that 20% down is completely optional. There are many mortgage programs that require much lower, & even $0 down, completely eliminating the need for ...
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Are you HomeReady™?

Many home buyer's crave flexibility, and RedRock Mortgage is proud to have a variety of products & programs to fit every kind of person who walks through our doors. One of our newest programs, the HomeReady™ mortgage program, is designed to give home buyers as much flexibility as they desire to finance & purchase their home. A program t ...
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What's a Reverse Mortgage?

You've probably seen commercials talking about a Reverse Mortgage, but you may not know exactly what it is. A reverse mortgage, or home equity converse mortgage (HECM) is a loan for specifically for older homeowners (62 years or older) requiring no monthly mortgage payments. Borrowers are still responsible for property taxes and homeowner’s insu ...
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RedRock Mortgage USDA Rural Development "No Credit Score" Loans

We are pleased to announce that RedRock Mortgage will be able to offer Rural Development Loans (USDA) for borrowers that have No Credit Score or a Zero Credit Score.  We will require at least three non-traditional credit items such as rent, utilities, phone, insurance, etc.   Other qualificati ...
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What Do Appraisers Look For When Determining A Property's Value?

Most people are surprised to learn what appraisers actually look at when determining the value of a real estate property. A common misconception homeowners generally have is that the value of their home is determined after the appraiser has completed their physical property inspection. However, th ...
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Where Does My Earnest Money Go?

Hey, I gave my real estate agent a $500 Earnest Money Deposit check... Where does that money go? A basic and very obvious question that most First-Time home Buyers ask once their purchase contract gets accepted. According to Wikipedia: Earnest Money - an earnest payment (sometimes called earnest money or simply earnest, or alternatively a ...
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