Cindy in Louisville

If you have questions about financing a home in Louisville, please call me at 502-551-5371 or drop me a note at

Financing Faq

Are interest rates negotiable? Some lenders are willing to negotiate on both the loan rate and the number of points but this isn't typical among established lenders who set their rates like large corporations set the prices on their goods. Nevertheless, it pays to shop around for loan rates and know the market before you go in to talk to a lender. You should always look at the combination of interest rate and points and get the best deal possible. The interest rate is much more open to negotiation on purchases that involve seller financing. These usually are based on…

by Cindy Parrish | 03/15/16

What can I afford ?

Knowing what you can afford is the first rule of home buying, and that depends on how much income and how much debt you have. In general, lenders don't want borrowers to spend more than 28 percent of their gross income per month on a mortgage payment or more than 36 percent on debts It pays to check with several lenders before you start searching for a home. Most will be happy to roughly calculate what you can afford and prequalify you for a loan. The price you can afford to pay for a home will depend on six factors:  1. gross income 2. the amount of cash you have available…

by Cindy Parrish | 03/15/16

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