Answers to Frequently Asked Real Estate Questions
What is underwriting?
Underwriting is the lender's process of reviewing a loan package after the loan officer has prepared it and the home has been appraised. When underwriting is complete the lender should issue a commitment.
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What is the lowest down payment I can make?
There are a lot of factors to consider. A buyer who is qualified can get into a property with no money down. Whether this is the best choice is a matter that should be considered. Talk to your Realtor (that would be me - Jackie Martin!) and your loan officer to see what programs are available for you. Also see the answer to "Should I make a large down payment?"
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Call me with all of your real estate questions.
Jackie Martin, Realtor
email: Jackie[at]WeSellStLouis.com
We Sell St. Louis
3424 Missouri Ave.
St. Louis, MO 63118
office: 314-772-HOME (4663)
toll-free: 1-866-971-HOME (4663)
cell: 314-495-4428