Buying a home is one of the most significant financial decisions you’ll make, and at River City Mortgage, we're committed to helping you navigate the process with confidence. One of the most popular mortgage options we offer is the FHA loan, designed to help a wide...
The real estate market is continually evolving, and one of the latest significant changes pertains to real estate commissions. Whether you're buying or selling a home, these updates could have a direct impact on your experience and costs. In this blog post, we'll...
Dreaming of owning your first home but worried about the hefty upfront costs? Don't let financial barriers stand in the way of your homeownership aspirations. With careful planning and strategic decision-making, you can secure a home purchase loan with minimal...
As interest rates have risen, temporary buydowns have become an option that some sellers and buyers may consider. A 2-1 buydown is a concession that can be negotiated with sellers to incentivize buyers. A 2-1 buydown essentially allows borrowers to make a lower...
Real estate has become one of the most popular types of investments, so if you’re considering purchasing a rental property, you are far from alone. However, to be successful at this type of investment, preparation is key. Potential investors must understand...
Real estate investments come in many forms, such as fixing and flipping homes or owning rental properties. For those ready to take their real estate investments to the next level, there’s the BRRRR method, which combines many aspects of typical real estate...
Remote work has become a popular option for businesses and workers alike — and this trend was gaining steam even before the COVID-19 pandemic. Since the pandemic, however, the number of remote workers has skyrocketed. What began as a quick solution to stay-at-home...
While it’s not impossible for a self-employed borrower to acquire a traditional mortgage loan, it’s often not easy. Qualified mortgages (QMs) such as conventional loans and FHA loans require a steady employment record and income documentation in the form of tax...
Homeowners struggling to pay their monthly mortgage payments may be eligible for forbearance. Forbearance allows you to reduce or pause your payments for a period of time, allowing you some relief to build back your finances and resume payments. During the...
Buying your first, or next home, is a life-long dream for many Americans, and thanks to the River City Seal of Approval, that dream just became a whole lot easier. Getting mortgage pre-approval is one of the best things you can do to simplify the homebuying...