Category: Mortgage Tips
When you decide to buy a house, you’re not only committing to paying for the purchase price of the home but also the interest rate on your mortgage loan – the cost of borrowing money from your mortgage lender. With today’s... Read More
Cryptocurrency is changing how we think about money, investing, shopping, and even real estate. That’s why we’ve teamed up with Money.com to discuss how cryptocurrency may influence your next home purchase or sale. From comparing the advantages and disadvantages of blockchain real estate loans to expert... Read More
Prices are up almost everywhere – from food, to gas, to home prices. In February 2012, the nationwide median sale price of a house in the U.S. was $160,000. More than ten years later, that number is up to a record... Read More
There’s no doubt that one of the most important and often daunting steps in the homebuying process is qualifying for a mortgage. By understanding what lenders look for – the four C’s of credit – you can set yourself up for success and a smooth-sailing... Read More
Mortgage underwriting is a necessary step in the mortgage origination process and begins when the seller accepts the offer you submitted to purchase a home. Either you or your real estate agent contacts your lender, who then collects the necessary paperwork and sends... Read More
Shopping for and securing an affordable mortgage loan is no easy feat. It takes time, research, and effort, and considering it’s a commitment you’ll be locking yourself into for the next 10, 15, even 30 years to come, you need to do all you can to ensure you... Read More
Once your offer has been accepted, the excitement kicks in, and the countdown to closing begins. But before you can get your keys, you’ll want to be cautious of any roadblocks or setbacks that could cause a delayed closing and postpone your move-in date. You’ll want to rethink purchasing that beautiful new... Read More
Today’s housing market is fierce! Due to remote work and record-low mortgage rates, Americans are relocating and purchasing homes at an all-time high. However, there is a major problem – there aren’t nearly as many homes for sale as there are buyers. Read More
As you close in on making an offer on a home, your real estate agent – or the seller’s agent – will ask about “earnest money.” Earnest money is a type of security deposit, also known as a “good faith” deposit, offered to show the seller of a... Read More
If you’ve lived in your current home for many years, you may reach the point where you’ve made your final mortgage payment or are very close to paying off the house. Congratulations – this is a major accomplishment in the journey of homeownership. Your home now... Read More
So lately you’ve found yourself asking, “am I ready to buy a house?” Homeownership is a major milestone that many people dream of reaching one day. However, there are a variety of factors to consider when making one of the biggest financial decisions of your life. ... Read More
If you’re a first-time homebuyer, you might find yourself intimidated at the prospect of applying for a mortgage. You understand there’s a lot of paperwork to wade through, and you may also fear that you might be denied a home loan, which could... Read More