Category: Uncategorized

Know Your Team Players..

There should always be key players that have your back in a time of need. When it comes to buying a home, here the ones you need to know: Real Estate Agent Mortgage Professional Insurance Agent Title & Escrow Officer Home Inspector Appraiser Mortgage Lender Mortgage Banker Loan/Mortgage Servicer Real Estate Agent: is a licensed…
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New Home Buyers Purchase Process

We’re going to break the home buying process down for you real quick.. …and give you some things to think about while you’re gearing up for your first home! Overview: Have a Down Payment Saved Get Pre-Approved or Pre-Qualified Decide on a location Decide on a type of home to buy Choose a Real Estate…
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The 10 Commandments to Buying a Home

  Thou shalt not change jobs, become self-employed or quit your job. Having a steady, provable income is important to securing a mortgage loan with the best interest rate and terms. Self-employment can make it trickier to show a consistent income. If you’ve recently changed jobs, it can also affect your qualification because it’s harder to…
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Real Estate Lingo Made Easy

Get the low-down on Real Estate Lingo For a lot of us, Real Estate lingo and terminology sounds like a foreign language. We want you to be as prepared as possible when diving into a new and exciting experience such as home buying. We’ve collected a small glossary for you to quick reference and sourced…
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Your FICO Score…aka Credit Score

Your FICO score is the first thing a mortgage lender will check when seeing if you qualify for a loan. While there are many factors involved in qualifying for a loan, your credit score is the most important. The minimum credit score you need to purchase a home will depend on the type of home…
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Does Pre-Approval Guarantee a Loan..?

Does Pre-Approval Guarantee a Loan..? No. Even if you receive a pre-approval letter from a lender you connected with, you may not get a loan from a lender and you are not guaranteed a specific rate or loan term. Regardless of pre-approval, a lender may require additional income and asset verification, as well as the…
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Emergency Fund..

We recommend three to six months of expenses set aside for an emergency fund. If you have six months’ worth sitting in the bank and you took it down to three, you’d probably be okay. But if you spend it down to $2,000 and move into a new house, you’re asking for trouble. We’d love…
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Pre Qualification..

Pre-qualification by a lender will help you.. ..determine the amount of mortgage you can afford, through an analysis that considers your income, debt, credit history and savings. After that, when you actually are ready to start making offers on homes for sale, you can seek preapproval from the lender of your choice (this is important…
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Where You Live..

The housing market depends on many factors and changes, but where you live is a big one. Your rent prices and homes prices may be a lot different than the national averages. Twenty Percent Down or Not The concern about being “house poor” is a valid one. You don’t want all of your net worth…
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