Purchase

Mortgage

Things to Remember
Things to Remember 1024 536 fatimarahimi

  The are many factors that can change your ability to qualify for a mortgage. It’s important to follow these guidelines until your loan is closed. Do Pay all your monthly bills on time Keep track of all your bank deposits and statements Find and…

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The Factors That Determine Your Mortgage Interest Rate
The Factors That Determine Your Mortgage Interest Rate 1024 536 nathanburch

When you take out a mortgage to buy a home, you pay interest over the years. So what determines that rate? Obviously, your credit history probably plays the biggest role, but there are other factors that go into it, too. Beyond your credit history, lenders…

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Top Tax Benefits of Owning a Home
Top Tax Benefits of Owning a Home 1024 536 fatimarahimi

Owning a home will often be the most expensive and important purchase you will make in your life. To encourage home ownership, the IRS has provided several tax breaks for owning a home. Deductions lower your taxable income amount, and include things like mortgage interest,…

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Credit Tips for First-Time Homebuyers
Credit Tips for First-Time Homebuyers 1024 536 fatimarahimi

When applying for a mortgage loan, your credit will be one of the key factors in whether you’re approved, and it will help determine your interest rate and possibly the loan terms. It’s a good idea to check your credit before you begin the homebuying…

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Grants & Down Payment Assistance Programs
Grants & Down Payment Assistance Programs 1024 536 fatimarahimi

A 2017 Zillow survey of 10,000 American adults found that two-in-three people who were then renting identified saving for a down payment as their biggest obstacle to homeownership. If you want to become a homeowner, but you don’t have enough cash for a down payment,…

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Getting Pre-Approved Should Be Your First Step
Getting Pre-Approved Should Be Your First Step 1024 536 fatimarahimi

Many potential homebuyers underestimate their purchasing power and overestimate the down payment and credit scores needed to qualify for a mortgage today. Completing a quick and easy pre-approval is the first step in determining all mortgage options available to you. Benefits of being Verified by…

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3 Keys to Buying a Home
3 Keys to Buying a Home 1024 683 fatimarahimi

Mortgage guidelines for first-time homebuyers have changed over recent years. In order to ensure loan approval, you need to have everything in order before your application. Credit Credit is very important for the first-time homebuyer. An FHA loan allows a lower credit score, sometimes as…

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Pre-Qualification vs. Pre-approval
Pre-Qualification vs. Pre-approval 1024 684 fatimarahimi

Two often confused terms in the home buying process are a mortgage loan pre-qualification and a home loan pre-approval. Here’s what you really need to know about each one. Pre-Qualification A mortgage pre-qualification is simply an estimate of how much home you can afford and…

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Private Mortgage Insurance
Private Mortgage Insurance 1024 778 fatimarahimi

PMI, aka private mortgage insurance, is a type of mortgage insurance from private insurance companies used with conventional loans. Similar to other kinds of mortgage insurance policies, PMI protects the lender if you stop making payments on your home loan. PMI can be arranged by…

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Moving Checklist & Planner
Moving Checklist & Planner 1024 555 fatimarahimi

Let’s face it, moving is stressful. Moving all your belongings from one place to another is hard, and so is relocating your life in general. But, let’s not forget that moving to a new place is an exciting time! We scoured the internet looking for…

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