Buyers - The Bruder Real Estate Team | Las Cruces Real Estate Experts

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Why Home Buyers choose us as their Agent

Do you want to know Why Home Buyers choose us as their Agent? We understand your concerns! That is why! You want to be sure home buyers are buying the RIGHT HOME! You need to be absolutely sure the home you buy meets your wants and needs. This is a big investment and you want […]
Buyers, Real Estate Resources & Information

Glossary Of Home Financing Terms

203(k):this FHA mortgage insurance program enables homebuyers to finance both the purchase of a house and the cost of its rehabilitation through a single mortgage loan. A “A” Loan or “A” Paper: a credit rating where the FICO score is 660 or above. There have been no late mortgage payments within a 12-month period. This […]
Buyers, La Cruces Homes & Neighborhood, Real Estate Resources & Information, Seller

Glossary of Home Buying & Selling Terms

A Acceleration Clause A provision in a mortgage that gives the lender the right to demand payment of the entire outstanding balance if a monthly payment is missed. Acceptance A party’s consent to enter into a contract and be bound by the terms of the offer. Adjustable Rate Mortgage (ARM) A mortgage whose interest rate […]
Buyers, Real Estate Resources & Information

Home Financing FAQs

What do lenders generally focus on when you apply for a loan? Lenders look most closely at the “three Cs”-cash, credit, and collateral. Cash means you have enough money for a downpayment and closing costs. Good credit means you have borrowed money in the past and repaid your debts on time and in full. Collateral […]