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Welcome !

First-time home buyers

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!

Stephen Katz


How Do You Define Earnest Money?

posted by Stephen Katz
Thursday, October 9, 2014

It is a deposit paid toward the purchase of a home, to illustrate to the seller how serious you are about buying the property. Read More »

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Problems Associated With Excessive Debt

posted by Stephen Katz
Thursday, October 2, 2014

Many Americans, including myself, carry a small and manageable amount of credit card debt. There is nothing wrong with this. It is when you have an excessive level of debt in relation to your monthly income, that you can hurt your chances of getting approved for a mortgage loan. Read More »

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Your Debt-to-Income Ratio (DTI)

posted by Stephen Katz
Tuesday, September 30, 2014

This ratio can make or break your loan approval, as it is one of the largest qualification criteria used for home loan applicants. When you apply for a mortgage, one of the first things the lender will do is check your debt-to-income ratio, or DTI. Read More »

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Mortgage Insurance – What Does it Cost?

posted by Stephen Katz
Thursday, September 25, 2014

There are two basic types of coverage. The first type is private mortgage insurance (PMI) policies, which are applied to conventional home loans. The federal government does not insure Conventional or “regular” loans. The second type is for those borrowers who use government-insured FHA loans. Read More »

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As a home buyer, you should be concerned with the amount of credit card debt you have as it can directly affect your ability to get a home loan. Read More »

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It is important to follow all the steps in the correct order when considering purchasing a house. Inventory is currently tight, which means the market is good for sellers, and a little bit more difficult for buyers. In this market buyers have to be on top of their game when choosing a house; if they wait to make an offer, chances are the house will be gone and under contract with someone else. Read More »

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Smart Tips for First Time Homebuyers

posted by Stephen Katz
Friday, May 9, 2014

As a first time homebuyer, it’s important to take the time to research and plan every step of the home buying process. From confirming that you are financially ready down to making the final offer, here are a few things to keep in mind that may help you along the way. Read More »

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Professional Moving and Packing-Tips

posted by Stephen Katz
Tuesday, May 6, 2014

Aside from it being spring cleaning season, it’s also moving season. At the end of the school year, everyone is scrambling to move and get settled. I jokingly call it “Christmas Season” for professional organizers. Why? Because you don’t know what you are getting yourself into when you arrive to unpack and set up a house. Read More »

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The Prequalification and Preapproval Processes

posted by Stephen Katz
Wednesday, April 16, 2014

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 »

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Get a Copy of Your Credit Report

posted by Stephen Katz
Tuesday, April 8, 2014

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 »

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