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…

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…

3 Reasons Why You Should Become a Homeowner

Stuck in a rental cycle and can’t get out? Not sure if you want to make the jump and take on a mortgage? There are many factors to consider when it comes to renting vs. buying. But if you’re on the fence about buying a home, it may help to start by considering the value…

What Does a Mortgage Payment Consist Of?

Do you know exactly what you’re paying for when you pay your mortgage? Understanding your mortgage payment is very important and can help you buy a home with confidence. So what does a mortgage payment consist of?   1. Principal The principal of your mortgage is the balance, i.e. how much of the borrowed amount…

What is Earnest Money and How Much Of It Do You Need?

Throughout the home buying process, you may come across terminology you’re unfamiliar with. Earnest money (also known as an escrow deposit or good faith money) is perhaps one of those terms. What is earnest money? Earnest money is an amount of money that the buyer pays to the seller to, essentially, “reserve” the house. As…

Will Student Debt Prevent You from Buying a Home?

If you are in student loan debt, you can still buy a home! Learn what options you have and how you can take this next big financial step without plunging into deeper debt.   Start with your current finances Improving your current financial situation is your best “first step” as you start looking into buying…

Mortgage Rate Forecast for 2019

Knowing the best time to buy a house is critical, particularly for your budget. This is because as the market changes, it can shift in and out of your favor, costing you less money for a home one year and more money the next. So what does this year look like for prospective homebuyers? As…

2019 Housing & Mortgage Trends You Should Know About

Considering buying or selling a home in 2019? Stay up to date on housing and mortgage trends so that you know what to expect! 1. Home prices and mortgage rates will continue rising. Unfortunately, the rise in home prices and mortgage rates makes homes not very affordable in 2019. So if you’re considering buying a…