Top 3 Financial Advantages To Home Ownership
Your home is MUCH more than a place to store your things or keep you dry when it’s raining outside. It is also a very important component in your overall financial foundation. I just want you to know that I understand this and am dedicated to helping you find the right mortgage solution. Not just […]
Tips For A Better Showing On Your Home For Sale
You may or may not have your own home for sale at this point. If you have listed your home for sale, may I offer some great tips as your home is shown to potential homebuyers? I have heard some wonderful tips over the years from Real Estate Agents and home buyers that I thought […]
What In The World Is A Rate Lock?
One of the major decisions we will make together is when to “lock” your loan. This isn’t something you have to worry about right now but I thought I would take a few seconds to explain how this works. Once you find a home and have an accepted offer, you’ll have the option to “lock […]
You Did WHAT!? Part 1
Now that you’re thinking about buying a home you’ve probably stumbled about articles on what to do before applying for a mortgage. It’s still common for home-buyers to be unaware of what “NOT” to do before, or during their application for a mortgage. These may seem obvious, but unfortunately, I’ve actually seen a few of […]
You Did WHAT!? Part 2
ALWAYS keep your older accounts open, and possibly even use them on occasion. Closing major credit card accounts is almost always a BIG mistake! Again, if you are unsure of how a decision may affect your ablility to move forward with mortgage financing, just ask! That’s what I’m here for!
You Did WHAT!? Part 3
I’m wrapping up my “What not to do!” tips with buying and selling cars. When it comes to mortgage lending, consistency is key. Prior to, and during the home loan underwriting process, unless I specifically advise you, do not make any major changes in how you handle your finances. You may think you’re helping, but […]
Amoritiz-WHAT!?
You may be hearing terms throughout the home buying process that are vaguely familiar or completely foreign. One term that you may have heard is “amortization schedule“. Mortgage amortization refers to repaying a loan in equal installments. These installments are made over a specified period of time. Although the payments are equal, the ratio between […]
Appraisal Vs. Home Inspection?
What exactly is an appraisal? A real estate appraisal, by definition, is an opinion of value given for a commercial or residential property and is necessary in many real estate transactions. An appraisal helps establish the property’s value. Appraisals are performed by someone chosen in a rotation randomly. There is a short list of approved and […]
Principal, Interest & Terms?
Although cash is king, many people need to borrow money for the big purchases in life. If you’re going to borrow money you should really understand how your mortgage loan works. Your payment is dispursed among a few different things. This includes mortgage insurance (if applicable), taxes and homeowner’s insurance (if you are escrowing), principal and interest. One common question my customers have is […]
Wait… I Have To Pay Closing Costs?
I thought I should take a few minutes to explain the closing costs that are involved with a new mortgage. The process of obtaining a mortgage and buying a home is pretty detailed and there are many people and services involved in the transaction. I’ve broken down a few of the fees so you can […]