It sure is a big decision to make... Self-Employment Creates a Few More Hoops To Jump Through The two most significant issues self-employed buyers run into when qualifying for home financing are time and verifiable income. A salaried or hourly…
Mortgage approval is a full audit of your credit and finances. I am using the word audit deliberately to make it clear that this is a detailed review and will require exact documentation when it is requested. The two things…
All the stories you have heard about a home loan are true...Well a lot of them. It is a complete, and sometimes frustrating, audit of your finances that continues right up to the close date. We will provide you with…
How Does Zillow Come Up With Its Home Value Estimates? The honest answer is we are not exactly sure how accurate Zestimates are. Zillow says they use "a proprietary formula" and it is "calculated from public and user-submitted data". However,…
Are you getting ready for homeownership? If you are, you have probably taken a good long look at your personal finances. Having a great credit score can be helpful when qualifying for a mortgage. If yours is less than stellar,…
Now that you've found the right lender and realtor... It is time to move on to the most exciting and sometimes nerve-racking part of the home buying process. It is time to search for that home of your dreams and…
What is an FHA loan? FHA loans are issued by private banks and institutions but guaranteed by the Federal Housing Administration. The FHA guarantee means borrowers qualify for a low down payment loan even with less than perfect credit. FHA…
Oddly enough "How do I prepare to buy my first home?" is a question we rarely get Most people call and say "I found a home and need a mortgage." But a home is not an impulse buy so it…
Your mortgage will include taxes and insurance Taxes and insurance can differ from state, county, and even city. They can also be a significant part of the payment. An online mortgage calculator will give you an idea of payment, but…
Have you just closed on a new home purchase or are trying to get years of homeowner documents in order? Knowing what to keep and what to get rid of is key. Before you shred any old papers, make sure…
