A Mortgage is a Real Estate loan that you need to apply for. If you’re approved for a mortgage loan, you can borrow a certain amount of money from a lender, which you’ll repay every month over a set number…
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Today, we are talking about title insurance. Title insurance is a requirement. However, let’s discuss why we should have it. Benefit of Title Insurance Title insurance protects the lender and the homeowner against any claims regarding the legal title of…
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Today, we will be talking about the home appraisal process. Most home-buyers get a mortgage loan on the properties that they purchase. Unless you are paying for your home in cash, you need to read this post! You will learn…
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Today we are going to talk about some lending terms that you may hear during the home buying process. Before you begin the Pre-qualification process, you may want to know what programs are available to you. So first let’s talk…
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If you’re applying for a mortgage, it’s a good idea to start prepping your financial documents. Lenders will request paperwork for your mortgage application to verify how much money you make, your job history, your assets, and your debts. The…
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Most real estate buyers have heard that they need to pre-qualify or be pre-approved for a mortgage if they’re looking to buy a property. These are two key steps in the mortgage application process. Some people use the terms interchangeably,…
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You are now in the fun phase whre you start looking at houses that you could potentially be putting an offer on. Yay!! That’s exciting! But now how do you get the hosue that you love, and what are some…
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Credit scores range between 300 and 850. But scores above 620 are considered desirable for obtaining a mortgage. There are programs available with lower credit scores, but over 620 will allow you to obtain a conventional loan. The following will…
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It seems like the past few years have brought an influx of self-employed borrowers because so many people are turning into entrepreneurs and excitingly starting their own businesses. But what does that mean for you when you want to buy…
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