Our Latest Blogs
Negotiating in a Buyer’s Market: Home Buyer Guide
What are the advantages you have in a buyer’s market, and how can you get the best deal possible? Just last year we posted an article about “Competing in a Seller’s Market”, but since then some big changes have happened. We have seen a shift in the real estate market, giving the negotiating advantage to home buyers. In the 3rd and 4th quarters of 2022, we have begun to see the median home prices gradually drop each month, both in
How Much Home Can I Afford?
How much home can I afford? This is not an easy question to answer. In order to truly know how much home you can afford you will need to take an in-depth look at your finances, mortgage options, and the type of home you are looking to buy. Finances If you are currently renting an apartment or home, you probably know how much you can afford to pay towards a monthly mortgage payment, based on your current rent. What you
Mortgage Ready Checklist: Buying a Home
Step by step, this checklist will help you understand what it takes to be mortgage ready and buy a home. Knowledge is the key to success in buying your first home, and the mortgage ready checklist is a great place to start. Qualifying: Mortgage Ready Checklist Steady and Stable Income Your income should show your ability to repay the loan to be mortgage ready. You will need 2 years of a steady work history in your industry to qualify for
Mortgage Rate Trends for 2016
Today’s mortgage interest rates are extremely low which means that homeowners pay lower monthly payments. Currently, it’s cheaper to own a home than to rent in many U.S. housing markets and home buyers are definitely taking advantage of it. However, these low mortgage rates are actually not a normal trend in the housing market and they’re expected to change soon. Mortgage interest rates have a historical 30-year average of 8.375% and today’s rates are less than that. We’re sharing everything
Mortgage Questions to Ask Your Lender
Each person has a one-of-a-kind perspective when looking to buy a home. You have a unique financial history and a different set of goals to reach than any other person looking to buy home. That is why it is important to ask mortgage questions about your individual home buying outlook. These are a few important questions to ask your lender when your are looking to buy a home. How much home can I afford? The amount of home you can
Mortgage Payment Calculator
Using a mortgage payment calculator is a great place to begin if you are thinking about buying a home or refinancing your current mortgage. An online mortgage calculator can be a great tool to estimate your potential monthly mortgage payment. Adjusting the numbers in each field can help you take a look at the numbers that factor into your mortgage payment. We have mortgage calculators that are perfect for buying a home, refinancing your current mortgage, or taking a look
Mortgage Loan Process Do’s and Don’ts
These are some basic guidelines for keeping your mortgage loan process as quick and easy as possible. Since no checklist can cover every situation, the most important thing to remember is to make your lender aware of any potential changes to your income, assets, or debts. We are here to help; don’t hesitate to call us with any questions or concerns. The Mortgage Loan Process “Do’s” DO begin shopping for your property insurance. You will not need evidence of insurance
Mortgage Loan: How Maintaining a Good Credit Score Helps You Save Money
When you are looking to buy a home or refinance your current mortgage having a good credit score will help you save money. Lenders need to know that their customers will use the credit that they extend, responsibly. This is why your credit history and credit score are an important factor in obtaining a mortgage loan. Maintaining a good credit score is the best way to show that are you a trustworthy candidate for financial investments. The purpose of this
