Fixer-uppers come at great prices. But let’s face it—updating a home can carry a hefty price tag. Thankfully, a Purchase Plus Improvements Mortgage allows you to roll renovation costs into your mortgage with as little as 5% down. One easy-to-manage loan package Purchase Plus adds the cost of renovations to your home’s purchase price, creating […]

Having your home purchase offer accepted can feel like the last stop on the homeownership journey. But there are in fact a few milestones left until your final destination. In the time between having your offer accepted and closing on your new home, your mortgage application must be reviewed and approved. Several roadblocks can appear […]

Purchasing your first home is a significant financial commitment. It’s also one of the biggest decisions you will ever make. This is why it’s so important to be realistic about your current circumstances and plan your purchase carefully. To help you decide whether now is the time to make your big move, ask yourself the […]

Current home owners can still purchase a new owner occupied property with as little as 5% down. This 5% down payment can be gifted, saved or even borrowed if the applicant is strong enough, subject to insurer approval. This is a great option for home buyers who are struggling to sell their homes, or who, […]

Credit Reports: You’ve Scored! But Are You Playing the Game? For most people, your personal credit score and how a credit score is calculated are complete mysteries. How can you be expected to play and be successful if you aren’t even told the rules of the game? There are things borrowers can do to improve […]

6 Things all Co-signors should consider Co-signing on a loan may seem like an easy way to help a loved one (child, family member, friend, etc. ) live out their dream of owning a home. In today’s market conditions, a co-signor can offer a solution to overcome the high market prices and stress testing measures. […]

Mortgages 101 – What You Need to Know About Mortgages Mortgage [ˈmôrɡij] NOUN With a residential mortgage, a home buyer pledges his or her house to the bank. The bank has a claim on the house should the home buyer default on paying the mortgage. In the case of a foreclosure, the bank may evict […]

Let’s take a closer look at how a Refinance Plus Improvements mortgage can get you the extra cash you need to get your renovations completed. The Standard Refinance An everyday refinance allows the homeowner to access up to 80% of the fair market value of the home. The value is typically determined by a Market […]

      Below are some quick high lights, please contact your Jencor Representative, as there are a lot of fine print details. Jencor will help your buyers through the application process. Save navigating the government web-site. 1.      This program is for first time buyer, owner occupied, insured purchases only. ( speak with your Jencor […]

Zero Down Payment Mortgage–Does it Exist? Did you know that you can buy a home with ZERO down payment?? If a home purchase is your goal this year but you aren’t able to save up enough of a down payment, you may qualify for a low or zero down payment mortgage. One of our Lenders […]