Custom Down Payment Savings Plan
Developing a custom down payment savings plan can be a great first step toward becoming a future homeowner. Understanding both what you need to save and setting the time you can give yourself is key to making a savings plan that is just right for you. There are a few upfront costs to buying a […]
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 […]
How Much House Can I Afford?
How much house can I afford? This is often one of the first questions that potential home buyers ask before starting their home search. Asking your lender this question and applying for mortgage pre-approval is likely the best way to fully understand the flexibility of your home buying budget. While you may know how much […]
Escrow Account Basics
If you are looking for your first mortgage loan as a first time home buyer, you may have some questions about escrow accounts. The questions and answers in this article provide some great insight to the function and purpose of an escrow account. These basic questions will help you better understand the structure of an […]
Competing in a Seller’s Market: Homebuyer Guide
Competing in a Seller’s Market The housing market is HOT! Home’s are receiving multiple offers after being listed on the market for just a few hours. Many potential home buyers are frustrated with the competition and all of the challenges that a seller’s market brings. If you are looking to buy a home in a […]
buyer’s market vs seller’s market
The difference between a buyer’s market and a seller’s market is the advantage of negotiating power to one party in the transaction or the other. The primary evaluation of the buyer’s or seller’s market is based on the basic principal of supply and demand. There can also be divides in the market based on other […]
What credit score is needed for a mortgage?
What credit score is needed for a mortgage? Buying a home is one of the largest investments that most Americans will make in their lifetime. In order to qualify for a mortgage your credit score must reflect that you use credit responsibly. With a large financial risk at stake, conventional mortgage investors want to see […]
Choosing the Best Mortgage When Buying a Home
Choosing the best mortgage when you buy a home is important. However finding the best mortgage option is not the same for everyone. Your financial outlook, credit history, and the specific mortgage terms deserve consideration when deciding which option is best for you. Take a closer look at these variables when choosing the best mortgage […]
20 Quick Tips for Home Buyers
This list of tips for home buyers gets straight to the point. No need to beat around these topics, these clear and concise pieces of advice are more valuable without minced words. Here are 20 excellent quick tips for home buyers: 1. You should be pre-approved by a lender and ready to make an offer, […]
How Do Student Loans Impact Mortgage Qualification?
If you have student loan debt, you may be wondering how it will impact your ability to qualify for a mortgage. Buying a home does require some assessment of your financial outlook. There are a few ways that your student loans will require consideration in becoming a homeowner. Let’s take a look at the financial […]
