Deciding to purchase a home will be one of the biggest investment decisions you’ll make in your life, but it can be confusing for the first-time home buyer to know all the ins and outs of buying a home. If you’re wondering what things first-time buyers often forget about before purchasing a home, here are three important things that you’ll want to keep in mind.
3 Common Mistakes That First-time Mortgage Borrowers Make and How to Easily Avoid Them
November 4, 2016 by
The Major Keys to Understanding When It’s Time to Refinance Your Mortgage
November 2, 2016 by
As a homeowner, you may have heard the term refinancing without being aware of exactly what it means, but there are a lot of pros and cons associated with what it can do for your financial situation. While getting a different new loan for your mortgage can be a good financial decision in certain situations, here are some things you should consider before you decide that this is the right choice for you.
Forget Mortgage Apps: 5 Reasons Why You’ll Want to Use a Human Mortgage Broker
October 25, 2016 by
While many modern apps can be quite convenient, there are a few reasons you may want to use a knowledgeable mortgage professional to ensure the credibility of your most important purchase.
Understanding Appraisals and What to Do If Your Home Doesn’t Appraise for Its Purchase Price
October 20, 2016 by
It can be a bit of a surprise if your home turns out to be valued at less than the purchase price offered, but this is the type of thing that can occur in an appraisal situation. While this can change everything from your contract to the amount of your down payment, if your home has been appraised at less than you envisioned, here are some options you may want to consider.
Planning to Get a Mortgage in 2017? 4 Reasons Why It’s Time to Start Paying Down Other Debts Now
October 7, 2016 by
Buying a home is an ideal investment for many people because not only is it a place that belongs to them, it can also be very beneficial financially. While you may be strongly considering buying a home for these reasons, it’s also important to be in good financial health so that your ideal home purchase is within reach. If you’re currently perusing the market for prospects, here are some reasons you should pay down debt before taking the leap into home ownership.
Investing in a Vacation Property? Learn What You’ll Need to Have to Get A Mortgage Approved
September 29, 2016 by
While a second home can seem like a great purchase and solid investment opportunity, there are different requirements that go into this type of purchase. If you’re considering a vacation home, you may want to be aware of the following financial factors.
The Pros and Cons of Mortgage Rate Locks
September 28, 2016 by
If you’re just jumping into the game of home purchasing, you are likely considering all of your loan options and may even have heard the term mortgage lock. For those who don’t like to gamble, a mortgage rate lock can offer a bit of reassurance, but there are also some downsides to this type of protection. Before signing off on this, here are the details on rate locks so you can make an informed decision.
Understanding ‘Disposable Income’ and How This Will Impact Your Mortgage Approval
September 27, 2016 by
If you’re wondering how much home you can truly afford and how your cost of living will fare for your mortgage approval, here are some of the details on what you can expect when it comes to finding a home at an affordable price.
Mortgage Myths: Here’s Why You Don’t Need a Full 20 Percent Down Payment
September 22, 2016 by
If you’re just getting into the real estate market, you may have heard that 20% down is the ideal percentage in order to lower your monthly payments and get your mortgage application approved. However, while 20% is often suggested, many people struggle to come up with this amount of money.
Can You Use a Reverse Mortgage to Buy Your Next Home? Yes, and Here’s How
September 9, 2016 by
Most people who have been on the market for a home are familiar with what the term ‘mortgage’ means, but many have not heard of a reverse mortgage and aren’t aware of how this product can benefit them. If you’re nearing retirement and are contemplating a new home or even relocation to another community, here are the details on a reverse mortgage and how this option may benefit you.
