What a lender looks for during an appraisal

Whether you’re buying, refinancing or selling a home, one unavoidable step in the process is a home appraisal. While there’s not much you can do to prepare for one, you can go into it knowing exactly what a lender is looking for and why it’s happening.    What is a home appraisal?   A real estate […]

Cash-Out Refinance 101

Are you interested in making a home upgrade or consolidating debt? A cash-out refinance may be a good option to fund your financial goals while making your equity work for you.   What is a cash-out refinance?   A cash-out refinance is a loan on a property you already own that helps you use some of […]

3 Tips for First-Time Homebuyers

With the internet at the tips of our fingers almost at all times, we are just taps away from anything and everything we could ever want to know. While that’s usually an advantage, the web can offer up conflicting and confusing information…especially when it comes to buying your first home.    That’s why we’ve put […]

11 Mortgage Terms Homebuyers Should Know

Every industry has insider jargon. While homebuyers don’t necessarily need to understand every term used in the mortgage industry, there are some words, concepts, and phrases you will benefit from understanding.   Key Takeaways Unless you work in the industry, you probably won’t know the meaning of every word you hear. If you don’t understand […]

How To Prepare For Your Mortgage Application

Taking out a mortgage to buy a home is the largest financial decision most people will ever undertake, so it’s wise to spend some time fully understanding how your current financial situation may impact your future mortgage options. The more time you give yourself to prepare before you’re ready to apply, the better off you’ll […]

Actions To Take (and Ones to Avoid) During The Mortgage Process

Homebuyers may not realize it, but there’s still important work to do after they’ve submitted their mortgage application. That work is to maintain the financial picture provided in their application until a decision has been made. If lenders see changes to an applicant’s finances after they apply, no matter how small the change may seem, […]

Choosing an adjustable-rate mortgage

Choosing an adjustable-rate mortgage

If you think there’s a chance you’ll sell your home within 5-10 years, or you expect your income to increase and prefer a lower monthly payment for the first few years of your mortgage, an adjustable-rate mortgage (ARM) could be an attractive option. It’s exciting to buy a house and think about the special memories […]

Buying a home with a VA loan

Buying a home with a VA loan

Current members of the military, veterans, and surviving spouses can become homeowners with affordable loans from the U.S. Department of Veterans Affairs (VA). Whether you’re an active duty service member, a veteran, or a military spouse, a VA loan offers a number of advantages. You typically don’t need a down payment, and your overall expenses […]

Is an FHA mortgage right for you?

You may be able to buy a home without a large down payment or a perfect credit score. An FHA mortgage loan offers more flexible qualification requirements than a conventional home loan. Buying a home is a big deal, but it is also a realistic goal. Even if you have limited funds for a down payment […]