Home Selling Tips During Tough Times
Selling a home is always challenging, but the process becomes even more challenging when it’s a down housing market. No matter what the state of the housing market is, you can always improve your home’s appeal in order to help it sell quicker. Here are our top 7...
Is Buying a Home a Smart Investment?
Americans have often used homeownership as a way to expand their wealth and increase their sense of financial security. However, many homeowners are currently losing money on their homes due to the state of the economy. So some experts think that owning a home could be a...
Afford a Home with These Tips
Homes are not cheap. To to be a homeowner, you usually have to start saving young and continue for several years. However, there might be a few ways you can afford a home sooner rather than later. Here are some of our tips about how to afford a house:
6 Easy Ways to Mess Up a Home Purchase
If you’ve never purchased a home before, you might not know how easy it is to mess up a home purchase. There are many factors that first time home buyers especially fail to remember when looking for a home for various financial and emotional reasons. Here are the seven...
Fall Home Buying
It’s pretty common knowledge that real estate is influenced by the economy, job market, and mortgage interest rates. However, you might not know that it’s also influenced by the seasons. Fall is one of the busiest times in the year to buy a home; it’s...
How to Get a Great Deal on Your Mortgage Rate
If you’re planning on buying a home in the next few months or years, you might be overwhelmed by the number of different interest rates that seem to be constantly fluctuating. What you might not know is that your mortgage rate is mostly determined by personal factors and your...
Get Rid of PMI for Good
If you own a home and are currently paying private mortgage insurance, you are most likely trying to figure out ways to remove it from your expenses. As you may know, PMI is exclusive to Conventional loans, and is applied when you put forth a down payment that is less then 20%. Here are some...
What Is Home Equity?
If you’re a current or future homeowner, you’ve most likely heard the term “home equity” being thrown around. So, what is it? Essentially, home equity is the amount that differentiates the home’s value and how much the borrower owes....
What's the Difference Between Government and Conventional Loans?
What's the difference between conventional and government loans? The main answer is simple, but the program disparities can be radical. In short, a conventional loan is not insured by the government, and a government loan is insured by the government. Both types of loans have...
I Submitted My Mortgage Application, Now What?
Mostly, the answer is: wait. Once you have completed your mortgage application, it will be processed by the loan underwriting department. Your application will be thoroughly reviewed by underwriters in order to assess whether or not you qualify for the loan. This process can take up to...