Blog
17,
2017
Your Realtor is an important part of the homebuying process, and a valuable resource for you. One of the most exciting homebuying moments is discovering a home you love. When you find that house, here are six essential questions to ask your Realtor:
11,
2017
The housing market has recovered considerably since the crash. Homes are now back in high demand, and – thanks to stricter lending practices – the likelihood of another crash in the future has been drastically reduced. For investors, this means that now is a great time to consider purchasing a rental property. Home costs are […]
9,
2017
These days, saving money has become harder than ever. With wages stagnating, and expenses on the rise, not many first time home buyers have enough saved to make a 20% down payment. Even those that do may not have enough left over to feel comfortable in their home should anything go wrong. Lenders understand this. […]
1,
2017
If you’re planning on buying a home, there’s a vast range of online resources available at your fingertips. Contrast today’s virtually endless resources with 25 years ago — homebuying research was mainly limited to home listings in newspapers, books / magazines (which needed to be purchased or checked out from libraries), brochures, and word-of-mouth. With […]
27,
2017
It’s easy to feel like home buying may not be possible based on your income. Homes are expensive, and it’s not uncommon to hear horror stories about how difficult it is to qualify for a loan, how often borrowers took out loans that were more than they can handle, and more. What you may not […]
26,
2017
In most cases, mortgage loan originators look into your past, present, and likely future to determine if you qualify for a home mortgage. They look at your payment history, your credit score (which takes years to develop), your income for the year, and more. Many of these factors are difficult to change by the time […]
24,
2017
If you’re a single parent looking for a home loan, it can seem challenging to find one that suits your needs. Although mortgage lenders generally don’t look at marital status when reviewing home loan applications, they do look at the following: Debt and payment obligations Total household income Net income after taxes, credit scores, and […]
19,
2017
Over the past several years the economy has improved. The stock market recently reached an all time high, investments have risen, and the unemployment rate has dropped. Now that the economy has improved, interest rates are starting a slow climb to pre-2008 levels. Recently, the Federal Reserve increased the interest rates by a quarter of […]
11,
2017
Residential properties are great investments. That’s why homeowners often want to purchase more than one. These properties usually fall into one of two categories: Investment properties Second homes Regardless of your purchase, you’ll likely need to take out a new mortgage on a new property while continuing to live in (and pay for) your current […]
4,
2017
March was another busy month in the mortgage industry. Here are some recent news articles and highlights: Federal Reserve Raises Interest Rates for Second Time in Three Months The Federal Reserve raised its benchmark interest rate for the second time in three months and signaled that any further hikes this year will be gradual. Key […]
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