The feeling of rejection can be overwhelming especially if it is for a mortgage denial. If you applied for a mortgage to buy a home, chances are you were making major plans in your life to prepare for your move. You were probably excited and told friends and family and now must deal with the… Read more »
If you have been searching for a house in the last couple of years, you will be familiar with what the real estate industry calls a “lack of inventory”. This means that there are more people looking to buy houses than there are people interested in selling homes and there is more competition on each home. … Read more »
When shopping for a mortgage it is a good idea to compare loan options. Many lenders offer a variety of home loans that might fit your needs. Each mortgage options has it benefits and weaknesses that should be considered for your individual loan needs. Lending guidelines are not the same for all mortgage lenders. All… Read more »
You have found yourself in debt, but you have also found yourself wanting to buy a home. You want to pay off the money that you owe all while saving up money for your dream home. It is possible? First off, you should know that you are not alone. Many people find themselves in situations… Read more »
For some, buying a home can be a scary experience, but it doesn’t have to be. The first step of the homebuying process should be to do research. Researching is one of the most important things that future homebuyers could and should do. Here are some commonly asked questions about mortgages and the homebuying process.… Read more »
What is a USDA Mortgage? The USDA loan, or Rural Developmental loan, allows for homebuyers to purchase a home with a zero down payment. This is great for people that want to live in a rural area and get a loan that is truly zero down. Benefits of getting a USDA loan is that you… Read more »
Congratulations! You passed the pre-approval stage for getting a home, but what happens next? Once you have a pre-approval letter from your lender, you can start looking for a home to purchase. Keep in mind that the letter is only good for 60 to 90 days, depending on the type of approval you received. Why… Read more »
If you are new to the home-buying process, you are probably aware that one of the best first courses of action is to get pre-approved before you start house hunting. So, you head to your bank or financial institution, but you have no idea what goes into the process of pre-approval. What do you need… Read more »
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