How Many Credit Checks Before Closing on a Home?
Throughout the approval process, push yourself to maintain your credit while lenders pull it. Navigating the purchase of a home can be overwhelming for first-time buyers. Lenders require documentation of seemingly every detail of your life before… Read More
Posted on: October 9, 2018
FHA Loan Down Payments
FHA loans allow down payments as low as 3.5% if your credit score is at least 580. For buyers with lower credit scores, down to 500, a 10% down payment is required. It’s a big roadblock on the path to homeownership: the down payment. FHA loans… Read More
Posted on: October 4, 2018
5 Reasons to Buy a Home This Fall
Real estate markets ebb and flow just like the seasons. The spring market starts hopping when the sun comes out, flowers bloom and winter is over. Conversely, fall signals the beginning of a slower market, which could be good for buyers. If you’re… Read More
Posted on: September 27, 2018
How to Decide It’s Time to Buy a Home
Maybe it’s spotting a “for sale” sign on that funky cottage you’ve always admired on your morning bike ride. Or a friend raves about the perks and privacy at the chic new condo she’s just purchased. Maybe you’re tired of roommates or just… Read More
Posted on: September 21, 2018
Asking These 6 Questions Can Save You Money When Buying New Construction
If you’re in the market for a brand-new home, you’ve got a ton of options. Sales of new homes surged to an eight-year high in 2015, according to data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, and single-family… Read More
Posted on: September 17, 2018
Documents Needed for a Mortgage Pre-approval: A Checklist
Getting pre-approved for a mortgage before you go home shopping isn’t required, but it is a good idea, especially in a seller’s market, where competition among buyers is intense. Unlike a pre-qualification, a pre-approval letter lends weight… Read More
Posted on: September 6, 2018
How to Get a Mortgage and Change Jobs at the Same Time
Relocating for a new job can be a challenge to navigate, especially when juggling a mortgage. Review the details that matter to your lender. It’s true that changing jobs can affect your loan approval, but, like most mortgage-related questions,… Read More
Posted on: September 4, 2018