Buying a home is as exciting as it is stressful, especially for first-time home buyers. However, getting your ducks in a row credit-wise can be tough and could delay the mortgage approval process. Fortunately, if you're making the switch from renting a home to buying... Continue reading
If you're a first-time home buyer, the closing process can be a confusing collection of factors and terms. However, when going into your first mortgage transaction, it's important to be familiar with the many different aspects of the process. One of the more unfamiliar concepts... Continue reading
Buying a home is both a big investment and life decision. While owning a home may be cheaper than renting one in the long run, becoming a homeowner definitely comes with its fair share of expenses outside of monthly mortgage payment and utilities. Before you... Continue reading
Equity is a commonly used term in the real estate market. Whether you're a first-time buyer or planning to move, you've probably heard it used once or twice. While home equity can be a confusing concept to understand, once you do, it can help... Continue reading
While the home buying process has gotten more streamlined and easier in recent years, there are still many moving parts and potential points of frustration. As a first-time buyer, it's possible you might be denied a loanÂeven if you get pre-approved. When this happens,... Continue reading
Buying a home is an exciting new stage in life. Having your own place to shape into your perfect living space is a truly rewarding experience; however, that process can take time and additional funds. To pay for home improvements and remodeling costs, homeowners... Continue reading
The COVID-19 pandemic impacted everyone in many ways. On the economic side of things, real estate and home buying has seen some changesÂsome of which are quite positive for home buyers and homeowners. To protect our economy and mitigate some of the financial damage... Continue reading
Investment properties are a great way to diversify your income sources by adding passive income. Refinancing such a property can afford a homeowner a number of benefits. However, requirements for refinancing an investment property mortgage can be more stringent due to increased risk. If... Continue reading
What Is FHA Streamline Refinance? Refinancing can be a very attractive option for homeowners looking to lower their interest rate and monthly mortgage payment while also tapping into some home equity to pay for renovations, upgrades, and other expenses. However, traditional refinances typically require... Continue reading
Freddie Mac's Enhanced Relief Refinance With mortgage interest rates currently at a near all-time low, refinancing looks to be an attractive option for many homeowners. However, a lot of refinancing routes require built up equity. If you have yet to accrue some equity on... Continue reading
No matter the type of home you wish to purchase, you can obtain a mortgage loan. However, which type of property you purchase will determine your overall investment as the property type typically affects the mortgage interest rate that you will receive as well... Continue reading
It is not uncommon for homebuyers to experience sticker shock at the many fees and expenses associated with buying a home. Many customers expect to make a down payment in order to obtain a mortgage, but they often forget there are closing costs as... Continue reading
Debt-to-income ratio DTI blue marker underlined. When you calculate the percentage of your gross monthly income that goes toward paying off debt, you get your debt-to-income (DTI) ratio. Because your DTI ratio helps you qualify for mortgages and other loans, you should only factor... Continue reading
Second Mortgage sign and key from home. As a homeowner, you are likely well-acquainted with certain aspects of your mortgage such as the life of the loan, the interest rate, and the payment schedule. You may also be familiar with the concept of equity,... Continue reading
Estate agent giving house keys to customer and sign agreement in office. Not to be confused with a deed, which is a legally binding document used to transfer property from one owner to the next, a title is documentation that explicitly states that you... Continue reading
