Essential Real Estate Terms You Should Know

If you are someone who is interested in buying a house any time soon, then you should learn these real estate terms and their meanings so that you have a better understanding of conversations with your real estate agent.  Contract Legal contract through which the buying and selling process is authorized. Buyers and Listing Agents…

Mortgage Myths (Busted!)

There are many myths surrounding mortgages that make this process seem complicated and overly confusing, especially when it is your first experience. You find yourself unconfident about any decision you make, simply because you are no longer able to tell true from false information. We know your struggle. For this reason, we gathered a list…

When Can You Get Your Earnest Money Back?

  What is Earnest Money? Earnest money is essentially a deposit that you, as a purchaser, put down to safeguard the buying of your new home. This money deters buyers from backing out of the sale for no good reason. There are certain times, however, that you can definitely get your earnest money back if…

Mortgage Options for Veterans

Veterans can benefit from the best mortgage options available today. To thank them for their military service, the VA loan program is offering veterans the greatest mortgage deals at the lowest interest rates. In fact, some of these offers do not even require a down payment. No wonder almost 80 percent of veterans used the…

How to Qualify for a Mortgage

If you are worried about the risks of getting a mortgage loan, it’s important to note that these risks are even higher for your lender. Of course, the property is held as collateral in all cases. But that’s not your lender’s goal.  In fact, they prefer you to meet your monthly payments and get full…

How To Determine How Much House You Can Afford

Figuring out how much house you can afford can be one of the most frustrating steps in the homebuying process. But it’s crucial to know how much house you can afford before you start the searching process to ensure you are looking at homes that fit both your needs and your financial capabilities. Follow these…

Cosigning a Loan – Understanding the Reasons & Risks

Cosigning a loan is one of the benefits of having a high credit score. It allows you the opportunity to help out another person financially. But you need to consider the risks and figure out if cosigning a loan is the right choice for you. Some of the reasons and risks associated with cosigning a...

How Accurate Are Zillow Estimates?

Selling your home–especially if you’ve never done it before–can be confusing and deceptive. Be careful about falling in love with a home value estimate you see on Zillow, because many are deceptively higher than the market value. Home listings that start out overpriced tend to sell for less than they are originally priced. You want…

How Long Does It Take to Buy a House?

If you’re about to buy a house, congratulations! You are about to become a new homeowner and embark on a home-owning journey. But there are a few things you should know about the process of buying a house. We’ve mapped out a timeline of the home buying process.  Mortgage pre-approval Getting pre-approved for a mortgage…

3 of the Most Frequently Asked Questions Homebuyers Have

Because home ownership is such a big life step, it’s normal for it to prompt a lot of questions from prospective homebuyers. Here are three of the most frequently asked questions aspiring homeowners have. 1. Do I need a realtor? You can buy a house without the help of a realtor, but it’s a lot…