You’re getting ready to make the move, and buy a home for the very first time. This is such an exciting experience, but it can also be a very stressful one! In order to lessen the stress of buying a home, there are some things you should do before even going out to look at homes. Before you find a house you love, you need… Read More
Two important things happen when you sign a mortgage. The first is a long term commitment to your new property, the second is the massive amount of paper work you are about to sign. But lets be honest, even if you read every document, the chances that you understand everything is slim. So whether you understand everything or perhaps still feel unclear, here are four… Read More
When people want to find out how much their mortgages cost, lenders often give them quotes that include loan rates and points. But the goal of this article is not to persuade you one way or another about a particular loan, The goal is to inform you about what mortgage points are and if you should consider paying them. What exactly is a point? A… Read More
If you have a plan to buy a home in the next three to five years, then you need to start saving for the down payment now. why you ask? Because it could take awhile. What is taking so long? Americans are only saving around 5.6% a year according to The National Association of Realtors as they quote research by RealtyTrac. “It’ll take 12.5 years, on average, for first-time… Read More
If you have been watching the news recently, then you would know that this week the 30 yr. mortgage rate dipped below 4% for the first time in 2014. The 30-year fixed-rate mortgage averaged 3.97% last week, down from 4.12% the week prior and 4.28% the same time last year. the average hasn’t been below 4% since the week of June 20, 2013, when it… Read More
If you have been turned down for a mortgage or quoted rates and fees that seem too high, you may have some homework ahead. The minimum credit score to land a mortgage is 620. If you have the capacity, and are in the position to do so, there are some things you can do to help save your credit and your mortgage. Contrary to popular… Read More