A home appraisal is an essential part of buying a home and getting mortgage financing. An appraisal determines the current market value of the property and helps lenders determine if the amount of money they are lending you for the sale is appropriate. If
Sep 08, 2022 | Purchasing a Home
Having a second home for weekend or summer escapes is a priority for many Americans. If you’re interested in buying a vacation home, here’s a quick guide to the essential steps: Determine If You are Buying a Second Home or a Rental Property Many people re
Sep 06, 2022 | Purchasing a Home
One of the major barriers to homeownership for first-time homebuyers is their limited credit background. It takes time to establish a full credit history, and only certain types of regular payments, like auto loans, student loans, credit card payments mak
Aug 25, 2022 | Purchasing a Home
If you live in one of our nation’s pricier areas or if you want to buy a home significantly above the median price for your area, you’ll probably need a jumbo loan. If you’re not familiar with these types of mortgages, here are some of the frequently aske
Aug 23, 2022 | Purchasing a Home
If you have recently bought a home, you may have heard your closing agent mention something about a prepayment penalty. This idea might have seemed strange. Why would there be a penalty for paying off your loan ahead of schedule? Here’s what you need to k
Aug 18, 2022 | Purchasing a Home
Once you find the perfect house and your offer is accepted, it is time to turn your attention to lining up the financing. If you’ve never applied for a mortgage loan before, or if it’s been many years since your last home purchase, the process of collecti
Aug 16, 2022 | Purchasing a Home