What Is Credit Repair And How Can It Help You Buy A House?

An excellent credit score can give you many advantages when you are ready to buy a house. You can enjoy lower interest rates, which saves you thousands of dollars and can help keep your monthly payments lower. While having a lower credit score doesn’t make it impossible to buy a home, getting approved for a loan is much easier the…

FHA Loan 101 – What You Need To Know About It

Buying a new home is exciting! It’s not only a dream come true for many families, but it’s also a very large investment. There are many types of loans to consider including the FHA loan.  It can be overwhelming to learn and research everything that is involved in the home-buying process. From qualifying for a loan to winning the offer…

Want To Buy A Second Home At Your Dream Vacation Destination?

Spring is here, and it’s prime time to plan your summer vacation! If you have a favorite vacation spot that you visit often enough, why not buy a second home there?Where are your dreams calling you to visit this year? Are you longing for a sunny beach or majestic mountains? Perhaps you want to get away to a desert oasis…

How To Qualify For A Loan For Your First Home

Shopping for your first home is an exciting time!  You dream of touring beautiful properties and looking online at all the new listings, picturing in your mind how it would feel to live in your dream home.  As fun as this process is, you may have many questions and wonder where you should start. You should know that before you…

7 Steps You Need To Know To Prepare For Closing Day

So you are ready to buy your dream home, and closing day may be nearing.  If that’s you, Congratulations!  The real estate closing process can be an unsettling time for both the buyer and seller, as money will be changing hands.  It helps to understand the process so you will know what to expect.   What Is A Home Closing? Your…

10 Things First Home Buyers Need To Know

Buying your first home is one of the biggest investments you will ever make in a lifetime.  It can also be a very emotional experience.  It takes time and dedication to prepare your finances for this big step. Millennials currently make up 38% of first home buyers entering the market, according to the National Association of REALTORS® Home Buyers and…

Forbearance On Home Mortgages

What You Need To Know About Forbearance on Home Mortgages People all across the country are facing financial hardships during the current COVID-19 crisis. Inquiries about Forbearance on Home Mortgages are soaring. It’s understandable that people are concerned. In just three week’s time (between Mar 15 – Apr 4), 17 million U.S. citizens filed for unemployment benefits according to the…

Items You Need When Applying For a Loan

Have These Items Ready When You Apply For a Loan It used to be that lenders mailed out verifications to employers, banks, mortgage companies, and so on, in order to verify the data supplied by borrowers. Nowadays, the interest is often in speed and getting answers quickly so alternate documentation has become more widely used. Alternate documentation means that underwriting…

Types of Mortgage Lenders

Mortgage Bankers Mortgage Bankers are lenders that are large enough to originate loans and create pools of loans, which are then sold directly to Fannie Mae, Freddie Mac, Ginnie Mae, jumbo loan investors, and others. Any company that does this is considered to be a mortgage banker. Some companies don’t sell directly to those major investors, but sell their loans…