mortgage: Buying a Home with a New Job
- 03/29/19 07:06 AM
What an exciting time to buy a house! You just turned 30, got a new job, and feel ready to take the next step of your life. However, you might be concerned that the new job that made buying your first home more affordable could risk your chance of getting a loan.
Many first-time buyers are just getting their life started in their career, but relocating for a new job can be difficult when searching for a mortgage. Having a new job might make qualifying for a mortgage a little more difficult, but it does not automatically disqualify you.
If you’re thinking … (0 comments)
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mortgage: 3 Things to avoid after applying for a Mortgage
- 03/22/19 08:55 AM
What exciting news after you found a home to buy and have applied for a mortgage! But, before you begin the mortgage process, it’s important to keep your finances as similar as possible until the closing day. While you’re waiting to close, a few helpful tips may help the process go as smooth as possible.
Don’t make any large purchases
You have found the perfect home after months of searching. You are getting excited and can’t wait to move in. You begin to picture how your living room would be like with your new furniture. You are already in buying mode, especially … (1 comments)
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mortgage: Tips for Searching for New Listings
- 03/15/19 12:15 PM
Ever wonder if you can get your dream home either before it goes on the market or right after? Negotiating for a home that’s been on the market can be stressful! Especially for first time buyers looking to search for a buy a home with less competition.
Here are some secrets for finding your dream house either before the listing goes live or immediately after.
How to win over an Upcoming Home
Ask your agent about listings he or she is trying to get. When asking, make sure it’s not the current listings. You’re basically offering yourself up as “bait,” of course you aren’t … (1 comments)
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mortgage: How to make an offer on a House
- 03/08/19 07:48 AM
Finding your dream home might take a while, so when you find the one, the next move is to make an offer. Unfortunately, buying a house isn’t a handshake deal nor a verbal agreement, but with the right tools and a good offer, you can end up receiving the keys to your new house.
Check out these negotiations tactics to make the process smooth.
Make an offer
It’s all about supply and demand. You will want to look around the houses in the area that are similar and up for sale or recently sold. When you do, check to see how long the … (1 comments)
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mortgage: Should You Buy or Build a House?
- 02/22/19 07:07 AM
As you start to search for your dream home, you may be open to the range of options. One of those choices you may face is deciding on whether to buy or build your own. Each option has its pros and cons. For instance, building a home gives you the opportunity to customize a floor plan, however, it will take months to construct. If you buy a home, you will have to compromise on the floor plan, but you might be able to move in quicker.
Before you decide on your dream home, let’s compare the two.
Building a House
What are some … (0 comments)
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mortgage: 3 Ways Parents Can Help Buy a House for their Kids
- 02/18/19 11:44 AM
Increasing mortgage rates and housing prices may make it tough for your kids to own a home. However, families appear to be helping the younger buyers purchase a home. Before you lend a hand, here are three ways parents can help make it more affordable for first time buyers to purchase a home.
Gift the Down payment Money
When you give money to your child’s down payment, it classified as either a loan or a gift. With a gift, there’s no contract or ongoing commitments.
Your child’s mortgage lender will need proof showing that the money is a gift, not a loan. You will … (0 comments)
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mortgage: Millennials Know What They Want
- 02/11/19 07:56 AM
There have been a lot of myths floating around about millennials not being interested in home purchases. Maybe you’ve heard that they still live with their parents due to student loan debt, don’t have a 20% down payment or they have no interest in settling down.
In reality, more Millennial homebuyers are taking advantage of purchasing a home rather than waiting to purchase a home based on big life events. Millennials are changing the real estate market because they aren’t waiting for marriage or starting a family to buy a home. In fact, Millennials have been watching their rent go up over … (1 comments)
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mortgage: 3 Huge House-Hunting Mistakes to avoid at all Costs
- 01/25/19 10:44 AM
It’s that time of the year. Once you get serious about buying a house, it’s time to start house hunting. But before you dedicate your weekend to visiting every open house, you need to know what you’re looking for. Otherwise, the process of shopping for your dream home could get pretty overwhelming!
Here are 3 huge house-hunting mistakes first-time house hunters often make when looking for a home.
House hunting without an agent
Without an agent, you will be flipping through photos of possible homes, researching local trends, market values, and other important information on your own. All of which can be confusing. … (0 comments)
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mortgage: 6 Terms First-Time Homebuyers Must Know
- 01/11/19 12:41 PM
Your story starts with dreaming, as many do, then searching for your perfect home. You started to have lots of conversations about the kind of house you wanted to shop for. You started to casually shop online. One day, you stopped by just in time to see this one house for sale. So, you called an agent about buying a home and suddenly in blink in the eye you find yourself at closing in a matter of weeks, wondering how everything happened so quickly. Questioning yourself, “Did I pick the right mortgage loan?”
Too often, first time homebuyers rush into homeownership because … (0 comments)
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mortgage: Is Buying a Home Your New Year Resolution?
- 01/03/19 06:27 PM
The holiday season is all about traditions, and one of the biggest traditions is making a New Year’s resolution. It’s time for many of you to start thinking about your New Year’s resolution. What if your resolution is owning a home? After all, it’s a new year and a new you.
As we head into 2019, more millennials are aging into their early or mid-thirties and are interested in homeownership. They continue to be the primary drivers of homeownership demand.
According to Keeping Current Matters, more than half of the purchased mortgages originated by Fannie Mae and Freddie Mac in 2018 were … (0 comments)
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mortgage: Tips on How Millennials Can Build Their Credit Scores
- 12/21/18 08:23 AM
Millennials are becoming more and more in touch with their credit scores. This is partly because many of them are coming to the age where they tend to be more interested in buying homes and having low insurance rates. Building credit at a young age can be beneficial down the road when it comes time for some of life’s big moments.
However, there’s so much misinformation about how to deal with credit. Believe it or not, more than 1 in 5 credit card users have wrongly carried a balance to help improve their credit scores. So, getting the right information about good … (0 comments)
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mortgage: 3 Ways Kids Can Help Move
- 12/14/18 07:41 AM
Moving into a new home can be a huge transition for anyone, especially children. And while you can’t do much about combining your job and your pets into the move, your children most certainly can give you a helping hand! It’s a great way for your kids to learn to pitch in with responsibilities and what better way than to help with such an “adult” task. So instead of getting them distracted by watching TV, show them how to stay productive.
Check out these 3 ways kids can help move:
House Hunting
Kids and house hunting, is it possible? Oh yes, it is! … (2 comments)
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mortgage: A Pet Lover’s Guide to Buying a Home
- 12/07/18 01:06 PM
If you’re thinking about purchasing a new home, don’t forget to think about your pets. Life wouldn’t be complete without a four-legged friend by your side. With that said, you would want to search smarter for pet-friendly homes since certain homes and neighborhoods may not roll out the welcome mat for your furry friend.
Here are 3 questions to ask that will keep you, your pet, and the people around you peaceful.
What are the local pet laws?
You should be familiar with the city & county rules when it comes to pets.
There are certain locations that your pets might not be … (2 comments)
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mortgage: What is an FHA Loan?
- 11/30/18 12:26 PM
Buying a home is exciting, however, figuring out the right home loan can be stressful. Home loans, called mortgages, come in numerous types. Choosing the right mortgage loan is very important, after all it is a major purchase in your life. To have a better idea of what loan works best for your needs, let’s dive into the FHA loan program.
What is an FHA loan?
The Federal Housing Administration (FHA) mortgage offers down payments as low as 3.5 percent.
The credit score and down payment amounts are just two requirements of FHA loans. You can qualify with a credit score as low as … (0 comments)
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mortgage: Why is Fall a Good Time to Buy a New Home?
- 11/16/18 07:45 AM
The housing market flows just like the seasons. Fall is an amazing season for many different reasons. It’s a chance to fill up on hot pumpkin spice lattes every morning and stay warm and cozy by a fire. Fall may be a great time to buy a house as well.
Believe it or not, November is among the greatest time of the year to find your dream home. Here are three reasons why fall can be a great time to buy.
Fewer Buyers are competing
During the summer, there’s competition everywhere! When a buyer sees a house they like, they start the home … (1 comments)
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mortgage: Homebuyers’ Top Mortgage Fears
- 11/09/18 07:57 AM
The day you decide to purchase a house is the day you feel adrenaline rushing through your body. Having that constant fear in the back of your mind, afraid of not having enough down payment or maybe your credit score is too low. Possibly, your debt is too high. Those fears are what might make you take a step back and ask yourself if it’s worth going through the home process.
But did you know it’s very possible you won’t be turned down for a loan? That’s because there are three types of home loans. A lot of those fears might just … (0 comments)
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mortgage: How to get a Mortgage
- 11/02/18 07:46 AM
The best part about house hunting is finding “the one”, but it’s important not to rush things and take the time to understand the home buying process. You don’t want to overwhelm yourself. So, before you set foot in your new home, make sure you know the step by step of getting a mortgage.
Here are some simple steps that you can follow to help make the most out of the mortgage process.
Step 1: Get your credit in check
Your credit score tells lenders just how much you can be trusted to repay your loan on time.
Usually, first time home buyers … (0 comments)
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mortgage: Is a One-Story Home better than a Two-Story Home?
- 10/17/18 12:38 PM
You probably have an idea of what type of home appeals to you most. People will find one-story homes also known as Ranch style more appealing than a two-story home, but that’s a matter of personal taste and architectural style. Whether you have an eye on a bungalow or a colonial house, one-story ranch home has plenty of positive aspects.
Here are some factors to consider on a one-story ranch style home:
Quieter living
Let’s face it, there’s no up-stairs so you won’t hear a lot of jumping and running around from above. If you have kids, a one-story home might be a nice … (0 comments)
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mortgage: Should you Buy your Forever Home First?
- 10/03/18 06:56 AM
The best thing about searching for your dream home is finding all the things you want in a home. It’s one thing when you buy a starter home but purchasing a forever home you need to think about what might meet your future needs. Let this sink in and ask yourself, “Do you know where you are in life? And is a starter home or a forever home best for you?”
We’ll help you decide if a forever home is calling your name. Let’s dive into things to consider when you buy your forever home.
A Forever Home
A forever home is generally … (0 comments)
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mortgage: Should you Buy your First Starter Home?
- 09/19/18 08:21 AM
There’s so many good reasons to own the roof over your head rather than living under your parent’s roof or renting. For a first-time home buyer, saving for a new home can be one of the challenging and exciting chapters of your lives. But, many wonder what type of home they would like to purchase.
What is considered the right home for a first-time buyer? That depends on the person, it all comes down to what suits their lifestyle and income.
If you’re thinking about getting a starter home, here is some guidance to help you explore entry level housing options.
The Starter … (0 comments)
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What an exciting time to buy a house! You just turned 30, got a new job, and feel ready to take the next step of your life. However, you might be concerned that the new job that made buying your first home more affordable could risk your chance of getting a loan.
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