Tips

5 Tips To Help You Save For Your First House

Buying your first house can be a tiresome and overwhelming process. You’ll need to save funds, talk to various real estate agents, and compare quotes. However, saving money is the most crucial aspect of the buying process, as, without money, you can’t purchase your dream home. To help you save enough capital for your first…

Will Being Late On A Mortgage Payment Affect My Credit?

If you’ve missed your mortgage payment, there’s no need to panic just yet. Whether this was due to your financial circumstances or simply because you forgot the payment date, it’s a common occurrence. However, the biggest question many people have on their minds afterward is: are there repercussions for being late on a mortgage payment?…

An Application Checklist For Mortgage Loans

If you’re looking to buy a home in Albertville or have your eyes on a property in Homewood, you’ll need a mortgage to get yourself on the property ladder. However, applying for a mortgage can be a difficult process that takes a lot of time and effort, with lots of documentation often needed to hand…

Conventional Loan Vs FHA – Which Is Right For You?

If you need to take out a loan, you might be overwhelmed by the many types available. One, in particular, is the Federal Housing Administration loan, issued by the government and built for low-to-medium income borrowers; this makes it popular among people looking for their first house. However, this alone is not perfect proof that…

Hurdles To Closing On A New Home

The home buying process can be tedious and difficult. And, when your offer gets accepted, you may assume you’ve overcome the most challenging hurdles. Unfortunately, this isn’t the case. Having your home purchase offer accepted is only the tip of the iceberg. Before you get your keys, there are many obstacles to overcome, and if…

The Ultimate Moving Checklist

Finding your dream home and signing on the dotted line can be a sigh of relief. However, this is only the first part of the moving process. From packing and organizing your household items to cleaning your furniture and new home, there’s a lot to do and keep track of when moving. The last thing…

Preapproved Vs Prequalified When Securing A Mortgage Loan

If you’re in the process of becoming a homeowner, then you’ve probably come across these two terms: preapproved and prequalified when talking about a mortgage. But what do they mean and how could they help you? Let’s break that down here.  What Is A Prequalified Mortgage?  Prequalification is an early step on your journey to…

What You Should Know About Home Appraisals

In order for a home to be purchased, it needs to undergo an appraisal process that determines its value in the current local property market. If you’re buying or selling a property in Homewood or Albertville, it’s important that you understand the home appraisal process and what factors might affect the value of the property…

A Quick Guide To Closing Costs

Closing costs are the fees you’ll pay when buying or selling a property. If you’re looking to buy a property in Homewood or Albertville, your lender will typically require that you cover these fees upfront as part of the mortgage application process.  The closing costs for buyers vary, but it’s usually advised that homeowners prepare…

Buy Vs. Rent- Which Is Right For You?

When the real estate market takes off and home supply is stretched, the urge to finally jump in and buy a home before they’re “all gone” is strong. If you’ve been considering buying after only renting in Albertville or Homewood, seeing housing inventory drop so quickly can be nerve-wracking. However, giving in to the fear…