Well you have finally decided that it is time to stop renting and that you need to purchase a new home. Be aware that is important to stay calm and think your way through the process; don't get so excited that you overlook a few very important steps. Failure to get pre-qualified before making an
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06/30/2009
Credit Scores range between 300 and 850. Usually scores above 600 are considered to be desirable for obtaining a home loan. There are five main factors that are considered when your score is calculated. Payment History Do you pay your credit card obligation on time? Credit balances High credit
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06/29/2009
As a Loan Officer and Realtor I have noticed an area of Home Loans and Mortgages that goes unnoticed by the consumer, that of Yield Spread Premium. Most borrowers believe that their Loan Officer makes his profit with the Loan Origination Fee. But most don't understand that the Loan Officer can
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06/28/2009
Buying your first home? , maybe your second, well this can be a wonderful experience for you or this could be a disaster. It all depends on how prepared you are when the process starts. Your first step is getting Pre-Approved. Financing a home can be a difficult process for you, especially fin
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06/27/2009
Home inspections have become very popular in today's real estate world. Most buyers hire a professional home inspector to take a closer look at a home prior to closing, or even prior to writing a Real Estate Purchase Contract. The inspections cover a multitude of systems within your house. It
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06/26/2009
Closing on a property is a very challenging time for a would-be homeowner. Being informed, either through your mortgage broker, Realtor, or through self knowledge is the best thing you can be when going through this procedure. A good Realtor can help you tremendously. They should know the loca
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06/24/2009
The time has come to start shopping for a home to purchase. The first thing that you should do is to get pre-qualified for a home loan. It is very important to understand what your price range is prior to looking so you don't waste time looking at properties that are out of your price range. Wh
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06/23/2009
The time to consider a Short Sale is when your Mortgage is considered to be in default, one or more payments have been missed. There are a number of solutions available to remedy the situation: · Short Sale/Payoff · Forbearance agreement · Loan Modification · Deed
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06/22/2009
There are a number of things to consider when choosing the right home and everyone's priority is different. Where should it be located; neighborhood preference; single or multi-level, number of bedrooms and baths; square footage: yard size; features: quality of school; age of home; interior or e
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06/20/2009
There are certainly some advantages and disadvantages to renting versus owning your own home. When you rent, you are normally limited on what you can do to improve your home. You have to get permission to make changes or improvement to the home. It really doesn't make sense to paint, put in ne
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06/19/2009
