Closing Costs: What Are They and How Much Will You Pay?
Discover what closing costs are and how much you can expect to pay. A down payment is not the only thing you need to have when closing on your loan. Closing costs are expenses you pay the lender for the various services they provide for the approval of your mortgage. Let’s dive into what closing […]
Can You Buy A Home Without A Credit Score?
Learn the various ways you can get approved for a home loan with little to no credit history. Your credit history and credit score are among the top factors lenders consider when they approve a mortgage. This can make it challenging to buy a home for those who don’t have a credit history. Plus, if […]
Prequalified And Pre-approved: What’s the Difference?
If you’re thinking about buying a home, then you’ve probably heard the terms If you’re thinking about buying a home, then you’ve probably heard the terms “pre-approval” and “prequalification.” While often used interchangeably, there’s a slight difference between the two. This blog will go over what it means to be prequalified versus pre-approved. Prequalified And […]
What Does A Title Company Do?
In this blog, we’ll go over how a title company determines legal ownership and the process of transferring the title. In this blog, we’ll go over how a title company determines legal ownership and the process of transferring the title. The Title vs. The Deed: Understanding the Difference Although they may sound like the same […]
Get the Facts About Escrow Shortages
An escrow account is for making payments toward your real estate fees like taxes and insurance. It helps make these fees more manageable through monthly installments rather than paying a large lump sum when these bills are due. An escrow account is for making payments toward your real estate fees like taxes and insurance. It […]
Does Buying A House Help Raise Your Credit Score?
Does buying a house help or hurt your credit score? Read to find out. A solid credit score is necessary to get approved for a home loan. That’s why we recommend against opening any new lines of credit or making large purchases on credit when applying for a home loan –these actions lower your score, […]
First-Time Home Buyers Must Avoid These Mistakes
Read and share this article with other first-time home buyers to help them spot these common errors before making them. There are many common mistakes first-time home buyers make. Some are minor, while others can end up being costly. Fortunately, several of these mistakes are avoidable. Please read and share this article with other first-time home […]
“Is a Home Equity Loan Right For Me”
In this article, you’ll learn what home equity loans are and how to qualify. One of the most valuable benefits of owning a home is building equity. Whenever you need a considerable amount of cash, you can get it by borrowing against your equity with a home equity loan. How you use the funds is […]
What Do Fannie Mae And Freddie Mac Actually Do?
In this article, you’ll learn how the two companies operate and how they impact the mortgage market. Fannie Mae and Freddie Mac are government-backed mortgage companies (or government-sponsored enterprise), and their job is to give the mortgage market stability and affordability. But how exactly do they do that, and why does it matter to you […]
Earnest Money Deposit Versus Good Faith Deposit: What’s The Difference?
Today, we want to focus on costs called There are other costs associated with buying a home beside the down payment. Some of those include fees for the appraisal, home inspection, and title work. Today, we want to focus on costs called “earnest money deposit” and “good faith deposit.” We’ll share what those terms mean […]
Helpful Hints For Buying A New Condo From A Developer
Are you thinking about making an offer on a new condo construction? Read this article to find out some helpful tips. 2021 is greeting us with a surge of new constructions, especially condos. With the promise of amenities like swimming pools, a communal clubhouse, and done-for-you landscaping, buying a new condo attracts many eager buyers. […]