BobMortgage Zone

BobMortgage Zone: Where Can Down Payment Money Come From?

By Joanna England / January 26, 2018 /

The first hurdle that a homebuyer must surmount is the down payment on their mortgage. A tidy some with all of those zeroes, due closing, can be really intimidating for first-time buyers. Where can you get all that cash to secure the home of your dreams? Our most-trusted mortgage adviser, Bob Johnson (AKA BobMortgage), tells…

Renovation Loans Help Turn Fixer Uppers Into Dream Homes

By Joanna England / December 14, 2017 /

Maybe you’ve found the perfect neighborhood, but the best home for your budget is far from perfect. Renovation can be expensive, says Bob Johnson (aka BobMortgage), but don’t be afraid of taking out a renovation loan. Our most-trusted expert in lending, the senior mortgage adviser at the nation’s oldest private lender — Wallick & Volk…

BobMortgage Zone: Conforming Loan Limits Increase — What Buyers Need to Know

By Joanna England / December 8, 2017 /

Ever find yourself in a lending no-man’s land? As home prices have gone up, conventional loan limits have lagged, leaving fewer options for those who want to buy a pricier home that doesn’t fit in the “jumbo” category, which has stricter underwriting requirements. This could be a boon for so many homebuyers! Sound confusing? Educate…