If you’re a first-time home buyer these articles are chock full of advice that will give you the added “edge” when buying your first home. From finding your dream home online, negotiating a purchase contract, securing the best financing, to tips for a stress-free closing, you’ve now found your #1 first-time home buyer resource.
So WELCOME, check things out and visit often…you are well on your way to owning your first home!
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Prequalification begins when you speak with a loan originator who calculates your debt ratios to find out how much money you can afford to borrow and repay. Before you make your call to a loan originator, you’ll need to be ready to answer the following questions: Read More »
Most people have a pretty good idea of their credit standing and whether or not they have good or, credit issues. But the only way to really find out about your credit is to get your hands on your credit report. This will enable you to see the same information a lender will. Read More »
Now that you’re ready to start house hunting, you’re probably wondering if you really need a real estate agent or if you can just do all the work yourself. Well, you can look all you want on the internet and go to open houses every weekend but you really don’t know the real estate market like an agent does. Just as you know your job inside and out, a good agent knows the ins and outs of finding a home. Your best bet for finding the right home is finding the right agent. Read More »
Thinking of purchasing a home with less than 20% down? In this article, we will explain Borrower Paid Mortgage Insurance (BPMI) and Lender Paid Mortgage Insurance (LPMI) to help you determine which type of mortgage insurance is a better choice for your specific financial situation. Read More »
Home may be where the heart is, but the house-buying process can easily become a headache.
To keep trouble to a minimum, take time to independently evaluate each professional you’ll need on your team, from lender to real estate agent to home inspector to title agent. Choose client-focused, experienced pros…preferably referred by trusted sources. Read More »
Uncle Sam helps you in three ways when you own your home.
1. Purchase – When you buy your home, most of the cost are not tax deductible. But there is one exception that is worth finding. The IRS says you can deduct interest in the year that it is paid, and that is usually part of each monthly payment. Read More »