Buying a Home

Oct. 6, 2023

Understanding the Benefits of Owning Your First Home

Are you considering buying your first home? If so, it can be helpful to know what led other people to make that decision. According to a recent survey of first-time homebuyers by PulteGroup:

“When asked why they purchased their first home recently, the answer was simple: because they wanted to ...
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Posted in Buying a Home
April 20, 2023

What will a lender need from me to get pre-approved on a loan?

When you're in the market to purchase a home, one of the first steps you'll want to take is to obtain a pre-approval for a home loan. A pre-approval is a letter from a lender that states that you are qualified to borrow a certain amount of money ...

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Posted in Buying a Home
April 18, 2023

What is an amortization schedule?

An amortization schedule is a table that shows the breakdown of each payment on a loan, including the amount of principal and interest paid, as well as the remaining balance on the loan after each payment is made. This type of schedule is commonly used with home loans to help ...

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Posted in Buying a Home
April 14, 2023

What is a short sale and how do you purchase one?

A short sale is a real estate transaction in which the seller is unable to pay off their mortgage, and the lender agrees to accept less than the full amount owed in order to avoid foreclosure. In a short sale, the seller's lender agrees to release their mortgage lien ...

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April 12, 2023

What are typical closing costs in a real estate transaction?

Purchasing a home can be an exciting and rewarding experience, but it can also be costly. In addition to the down payment and monthly mortgage payments, buyers are also responsible for closing costs. Closing costs are the fees associated with finalizing the purchase of a home, and they can add ...

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April 10, 2023

The Importance of a Home Inspection

Buying a home is one of the biggest investments that most people will make in their lifetime. With so much money on the line, it’s essential to ensure that the property is in good condition before finalizing the purchase. This is where a home inspection comes in.

 

A home ...

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Posted in Buying a Home
April 7, 2023

Fixed Rate Mortage vs Adjustable Rate (ARM)

When it comes to financing a home, there are different types of mortgages available to borrowers. Two of the most common types of mortgages are fixed-rate mortgages and adjustable-rate mortgages.

A fixed-rate mortgage is a mortgage where the interest rate remains the same for the entire term of the loan ...

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Posted in Buying a Home
March 13, 2023

4 Tips for Making Your Best Offer on a Home

Are you planning to buy a home this spring? Though things are more balanced than they were at the height of the pandemic, it’s still a sellers’ market. So, when you find the home you want to buy, remember these four tips to make your best offer.

1.Lean on ...

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Posted in Buying a Home
Oct. 31, 2022

Taking the Fear out of Saving for a Home

If you’re planning to buy a home, knowing what to budget for and how to save may sound scary at first. But it doesn’t have to be. One way to take the fear out of budgeting is understanding some of the costs you might encounter.  And to do that ...

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Posted in Buying a Home
Sept. 27, 2022

How an Expert Can Help You Understand Inflation & Mortgage Rates

If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let’s take a look at each one.

Inflation and the Housing Market

This year, inflation reached a high not seen in forty years. For the average consumer, you probably ...

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