Cash, income and credit are the three major obstacles to obtaining a mortgage and reaching the American dream of becoming a home owner. If you want to see your children stop throwing away money renting (or maybe it’s time they move out), help overcoming these obstacles may lie within you. Traditionally, the American parent has…
Simply put, your credit score when buying a house is the first thing you need to look at. The very moment you even think you’re going to buy a house in the near future, begin preparing. Credit score is an essential component of having your loan approved because it determines the loan programs for which…
Most lenders offer borrowers the choice of 30- and 15-year fixed-rate mortgages. These loan programs offer the same interest rate for the life of the loan and monthly payments (principal and interest) that remain unchanged. Here are 6 questions you should ask yourself before you commit to a 15-year mortgage: 1. Is a fixed-rate Mortgage…
Home buying tips and advice This important article discusses the 9 most common and costly of these home buyer traps, how to identify them, and what you can do to avoid them. No matter which way you look at it, buying a home is a major investment. But for many home…
4 Steps to Real Estate Investing Success! Choosing to make a residential real estate investment is always good and sometimes it’s red hot. When it’s hot dozens of real estate seminars begin rolling across the country and thousands of people spend thousands of dollars for investing education. It’s startling to…
How Buying a Home Works Take a deep breath. Okay, your going to buy a house because you are going to save money and because it’s time to make a real investment. You’re making a great choice, and it doesn’t have to be scary or overwhelming. That’s our job as…
Don’t make any of these mistakes. You can’t afford to do anything wrong when your applying for a mortgage loan. Many people apply for a mortgage thinking that as long as their credit is fine there’s nothing to be worried about. Unfortunately, the other factors you don’t think about are the…
Appraisal: If you plan to finance your home through a bank or other lender, you’ll more than likely need to get the property appraised first. Banks and most lenders want to know the value of the home for your protection, as well as make sure that the home they are…
What Can Go Wrong In A Real Estate Transaction? It is a wise client who prepares for problems before they ever happen. We also believe this to be true in our business. A transaction is not complete until papers are signed at closing. There are many potential issues that could…
Loans and Terms constantly change with economic conditions, but the following is a summary of many of the types of loan offerings in existence. Conventional A type of mortgage not obtained under a government insured program. This loan is secured by investors. Generally, you may obtain a Conventional Mortgage up…
