Buying a home the second time around should be a breeze, right? You may think so but often, believe it or not, buying your second home can be even more challenging than your first. Second time buyers often face different struggles than first time buyers such as taking on a duel mortgage if their first … Continue reading Helpful Tips for the Second Time Home Buyer
If you are just embarking on the purchase process, you may be unsure of what lies ahead on your journey. That is why we wanted to provide you with a step by step guide or “loan road map” to help guide you on your way to homeownership! Get Pre-Approved Submit your application and the documents … Continue reading A Home Buyer’s Journey: Your Step by Step Guide to Homeownership
2016 is predicted to be a HUGE year for real estate. The housing market has stabilized and is stronger than it’s been in 10 years. If you’ve been waiting for the “right time” to buy a new home or put your home on the market, now is that time. Here’s why… 2016 is predicted to … Continue reading Why 2016 is the Best Year to Buy or Sell your Home
If you are thinking about purchasing a home this spring, now is a great time to start thinking about getting pre-approved for a mortgage. Getting pre-approved before you start home shopping is ideal for many reasons. For one, it will allow you to find out how much home you can afford. Your mortgage pre-approval letter … Continue reading Getting Pre-Approved
One thing we love about the mortgage business is that numbers never lie. Yet, so many prospective home buyers we come across end up making critical judgment errors based on faulty assumptions and faulty math. We want to make absolutely sure you do not fall into these traps, so, let’s debunk this common theory! Theory: … Continue reading Should You Play the Waiting Game?
It’s easy to get nervous about something as big as applying for a mortgage. What is not so easy is putting our minds at ease if you’re in the middle of the process and things aren’t going the way you thought they would. Here is a list of questions you can ask your loan officer … Continue reading 10 Questions to Ask Your Loan Officer
Two things are absolutely vital for home buyers to do before they attempt to finance a home: 1) know and understand your credit profile, and 2) think about how your income could change due to life events in the future. Miss these and they will become two of your biggest mistakes. Credit reports Knowing ahead … Continue reading Two of the Biggest Mistakes Home Buyers Can Make
Just like the stock market, mortgage rates fluctuate. They may move daily, or even hourly, and often significantly in response to global events. When you are negotiating a mortgage, you can “lock in” the mortgage interest rate through an arrangement with your lender. The arrangement will specify a time period over which you can lock … Continue reading Ensure Your Happiness with Your Locked-In Rate
Purchasing a For Sale by Owner (FSBO) property may seem like a good idea; the seller isn’t paying sales commissions and that should be reflected in the price. However, caveat emptor—buyer beware—there are downsides. According to research conducted by the National Association of Realtors, fewer than 10% of FSBOs are actually sold. Why? There are … Continue reading Buyer Beware: There Are Downsides to Buying a FSBO
The millennial generation is emerging fast into the housing market whether we are ready for them or not. You may be thinking this means a big boom in smaller “starter home” sales but this new generation of home buyers may do things a little differently than its predecessors. According to real estate professionals, the new … Continue reading Are “Starter Homes” Becoming a Thing of the Past?