\ Navigating the homebuying world can be tricky, even if it isn't your first time dealing with a mortgage. There may be lots of acronyms and jargon that get thrown around during the process, but what do any of them mean? To avoid confusion and... Continue reading
When purchasing a home, the homebuyer can expect the transaction to be finalized at the time of settlement, or once both parties have executed all documents and the lender issues a funding authorization. However, for certain transactions, most notably refinances, the loan is not... Continue reading
Once you find your dream home, there are quite a few financial details you'll need to take care of. Today, we're going to help you get one step closer to financing by demystifying the appraisal contingency. What Is an Appraisal Contingency? An appraisal... Continue reading
Homeowners understand the time, energy, and costs that go into buying a home, but when it comes time to sell their home, they may not be as prepared. Whether it's making repairs and upgrades to increase a home's value, or taxes that need to... Continue reading
Purchasing a home may seem like an intimidating process, especially if you are a first-time buyer. To ease the stress of buying a home, ask your mortgage lender these six questions: How Do I Determine My Homebuying Budget? Before setting your sights on a... Continue reading
Buying a home is an exciting milestone in anyone's life. As a homeowner, you are free to decorate your home as you wish and are no longer tied to any rental obligations. However, when it comes to financing a home, there are many factors... Continue reading
Whether you're looking to buy your first home, or you consider yourself a seasoned investor, finding the perfect property is always an exciting experience. Oftentimes, your first visit to a potential new property comes in the form of an open house. An incredibly valuable... Continue reading
A borrower's employment history is an important aspect of the mortgage loan application process. Such loans are typically for large sums of money; therefore, lenders want to reduce the risk of default from the borrower by ensuring they have a stable two-year history of... Continue reading
Refinancing a mortgage can be financially beneficial for homeowners, especially now as interest rates for mortgages have been declining to historically low rates. For homeowners who are interested in refinancing, an often asked question is whether or not refi is possible if a person's... Continue reading
While many states are navigating various reopening phases to resume operations suspended during the novel coronavirus pandemic, the road to economic recovery in America is looking to be long and challenging. With the unemployment rate in the United States at its highest rate since... Continue reading
For many homeowners, being able to pay off your mortgage early sounds like a great idea. It's likely one of the costliest payments you have to make each month and the idea of being able to save on interest payments can surely be attractive.... Continue reading
When looking to increase home value, homeowners are often inundated by gimmicks and trends that ultimately do not produce a definitive effect on value. However, good old-fashioned home remodeling and renovation has remained the best solution to increase a home's value. Whether you choose... Continue reading
Buying a fixer-upper has become a trend in recent years for investors and first-time homebuyers who cannot find or perhaps cannot afford turnkey homes. However, for those deciding on buying a fixer-upper, the question often becomes, ÂIs investing in a fixer-upper more of a... Continue reading
Paying off your mortgage early can come with a host of benefits. You can free up money for travel or retirement, tackle other debts, or even financially protect yourself from losing your home. However, achieving these can be difficult without the proper planning or budgeting.... Continue reading
As opposed to a move-in ready, entry-level home, a fixer-upper may be a lower-priced, established house that requires some repairs. While fixer-upper homes can be a home-buying solution to those with a limited budget, there are also renovation expenses to consider. Fortunately, certain loan... Continue reading
