Important Questions To Ask Your Lender Before you commit to a loan it is important that you ask these questions to your potential mortgage lender. How much can I borrow to buy a home? The bigger question here is how much can you afford to borrow for a mortgage. A lender is prone to approve you […]
6 Mortgage Mistakes to Avoid
Searching for the right home is already a challenge; going through the mortgage application is another one, that’s why it is best to best to be prepared to avoid financial missteps that would hinder you from securing a mortgage approval. Here’s a list of things you should avoid to ensure that you get that shining […]
Mortgage Rates Spike To 4%
Mortgage rates continued to spike this week in the aftermath of the election. Over the past few days, mortgage rates shot up to 4.02% on Tuesday, up nearly a percentage point since the presidential election, the rate spike is the highest since the 2013 and 1987 rate spike. The long-term interest rate hike was led […]
10 Commonly Used Mortgage Lingo Homebuyers Should Know
Ever read a contract where most of the terminologies make you want to scratch your head? The mortgage lingo is no different from the rest of the law or tech world where you’ll often find lots of acronyms and cryptic vocabulary. Learning these mortgage terms can you help you better understand your mortgage forms. You […]
What You Should Know Before Making Large Deposits While Buying a Home
Large Deposits Can Jeopardize Your Mortgage Approval It is already a common knowledge that when you applied for a mortgage, every nook and cranny of your financial state will be scrutinized. From your credit rating to financial activities in your bank account, nothing will be left unchecked. Your lender will require you to provide the […]
Home Buying Process in 13 Steps
Print Your Copy 13 Steps Involved in the Home Buying Process Buying a home is one of the biggest purchases, if not the biggest, you will make in your life and it’s important that you are prepared to handle the whole buying experience that at times can be very stressful and confusing. When you are ready […]
What Is The Right Type of Mortgage For You?
Part of the buying process involves getting a mortgage loan. Just as you look for a home that best fit your real estate needs, it’s equally important to look for a mortgage that best fit your situation. In choosing the best type of loan consider the interest rate, where you live, how long do you […]
What Credit Score Is Needed To Buy A Home
Your credit score is the biggest factor in determining whether you’ll qualify for a loan and what kind of interest rate you’ll pay. Unless you’re paying cash for a new home, you will really need to boost your credit score in order to secure the best rates on a mortgage. If you’re buying a home […]
IMPORTANT MORTGAGE UPDATE: Be In The Know Before The June 30 FHA Loan Changes Go Into Effect
Will Your Student Loan Debt Get In the Way of Getting a Mortgage? For millennials who are dealing with a significant loan debt and still eager to buy their first home, if you are one of them or if you know someone who is on the same boat, there will be more challenges to face […]
Fed Just Raised Rates, Will It Affect Home Buyers?
It’s all over the news, Fed just raised rates for the first time since 2006. The Fed approved a quarter-point increase in its target funds rate and pledged a slow pace of increases. How will this affect the home buyer? Federal funds rate and mortgage rate Fed’s rate is the interest rate at which […]
