Mortgage Basics

Get Pre-Approved for a Mortgage

Buying a home is an exciting process however you must ensure you have the details worked out for your loan to secure the home of your dreams. Getting all the details worked out for financing ahead of time will make the entire process much more enjoyable and stress-free as moving forward.   Applying & Getting…

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Buy a Home

Renting vs. Owning a Home

There’s more to comparing the costs of renting and owning a home than the dollar cost of payments.   Even with numbers like these, some still say renting is better: “Investing in a home is riskier than renting.” No risk, no reward. Besides, even studies conducted by the Federal Reserve show that owning can provide a net…

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Home Loans

USDA Rural Housing Loans

What is preventing you from getting that dream home you’ve been watching for the past month? Is your credit score low? Do you not have a down payment? A USDA loan may be the difference you’ve been needing. USDA loans are guaranteed by the Rural Development Wing of the Department of Agriculture. These loans target…

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Mortgage Basics

Mortgage Rate Education

Know what factors influence the actual rate for your loan. Securing the lowest possible rate has less to do with scouring ads and more to do with the particulars of your transaction. Lenders typically pick the best scenario as the basis for advertisements. Unfortunately, best-case doesn’t apply to every loan.   Here are some factors that…

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Mortgage Basics

Mortgage DOs and DON’Ts

Here are Mortgage DOs and DON’Ts to follow during your loan process. DO: Keep All Records in Good Order. Availability– Keep your financial records close at hand in case updates are requested. Income– Be aware that underwriters typically verify your income and tax documents through your employer(s), CPA, and/or IRS tax transcripts. Hold onto new…

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Mortgage Basics

Planning Ahead for the Mortgage Application

Preparing in Advance Will Save You Time and Trouble Once You’ve Started Making Offers. INCOME Provide Your Last two paystubs along with your W2s and Federal tax returns for the last two years (include all schedules). State returns are not needed. If you are self-employed, ask me for the additional documentation requirements. If you receive…

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Mortgage Basics

Mortgage Rate Lock

Rate Locks: Why do longer ones cost more? It’s all about risk. Between the times you make application and close your Home loan, interest rates will do what they always do – change. At times, the rate of change is exceptionally volatile, even from one minute to the next. “Locking in” your interest rate protects…

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Home Loans

VA Mortgage Loans

VA Loans are mortgage loans geared specifically for active duty members and Veterans of our nation’s armed forces.  In order to be eligible, you must have served a designated amount of time in the Military or in some cases surviving spouses of Veterans are eligible as well. It is important to understand the difference between…

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Mortgage News

Mortgage Rates are Heating Up

Interest Rates are Heating Up! With the improving economy and expectations the Fed will soon change its monetary policy, mortgage rates are on the rise. Is there an upside to higher rates? Sure. The same economic changes that bring higher mortgage interest rates bring higher home values, too!   Before, you enjoyed a low mortgage rate…

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