When begin talking to lender about getting preapproved, you’re going to go through tons of emotions including the ultimate deciding factor whether you should buy a home or stay put. Here are the following things to avoid falling prey to prior to closing escrow on your house. Don’t get wrapped around the purchase price of…
To buy a house you need to have at least a good credit score, provable income that supports your ability to repay the mortgage as well as sufficient reserves and a to use for a down payment. If you’re looking to buy a house here’s what you need to know if your credit needs tender…
If you’re purchasing or refinancing a house with less than 20% Equity. You’re going to be subject to having PMI. Here’s what you need to know regarding private mortgage insurance with regards to financing your house… When you have less than 20% equity on your house the mortgage company is going to require you to…
Deciding which mortgage company to handle your financing can often be a tedious process requiring hours of time, comparing various rates, fees, terms experience and quality of the person that you’re working with. Here is one additional factor to consider… You ought to select the lender whose terms are all woven into the fabric of…
Refinancing your house is a big decision and requires careful consideration of the mortgage loan program, interest rate, fees and more importantly the longer-term financial goals. Here’s what really happens when you refinance your house and skip a payment… Mortgage interest is calculated in arrears. Put another way, when you make mortgage payment due on…
The credit score to get a mortgage to buy a house is a lot less than you think. Here’s what the magic credit score is and what options you have available if your credit score is not the greatest and you’re looking to purchase or refinance a home… Despite what you read on the internet…
This local county housing market continues to evolve and show strong signs of growth and appreciation. Here is what you need to know if you are going to be buying a house in 2018… Two things to watch for is interest rates and home prices. Both heavily can affect your ability to borrow and ultimately,…
On December 22, 2017 president trump signed into law the new tax plan changing the tax deduction of home ownership. Here’s what this means for you and your home buying efforts in 2018 and beyond. Prior to December 22, 2017 homeowners could write-off mortgage interest for the acquisition of a primary home or a secondary home…