Tips

I’m Ready to Get Prequalified, What Do I Need?

Prequalification is the term given to an informal evaluation of your worthiness as a borrower for a mortgage/loan. During prequalification, your potential lender will take into account how much you can afford to repay each month. Prequalification is an indicator as to whether you meet the minimum requirements for a loan, and how much of…

Improve Your Credit Score in 30 Days: Here’s How

There are many reasons why you may want to improve your credit score quickly. Perhaps you’re eyeing up a vehicle for finance, or considering your first mortgage on your dream home. Whatever the reason, a problematic credit score can quickly leave those dreams in the dust if it’s left unresolved. Whether it’s down to past…

COVID-19 and Your Mortgage Rate

Mortgage rates continue to move downward as COVID-19 causes concern for individuals and businesses. The stay-at-home actions taken by state and local government to control the spread has left many homeowners wondering how to get through this health and financial pandemic. Mortgage rates have dropped. Fixed mortgage rates started falling in January of 2020, and…

4 Ways to Know Whether It’s Time to Buy a House

Buying a home is an important life decision, so here are four ways to know whether it’s time to make this long-term investment!   1.   Is your budget ready? Sitting down and calculating your savings and monthly income will give you a clear picture of what you can handle budget-wise right now. Remember, you might…

5 Ways to Make Extra Cash to Pay Your Mortgage

Having a hard time coming up with your mortgage payment each month? There are plenty of ways to make a bit of extra cash to pay your mortgage. Here are 5 ideas to get you started. 1. Sell unneeded items While you may not think you have a lot to get rid of, you probably…

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…