homebuyer

Pre-Qualification vs. Pre-Approval
Pre-Qualification vs. Pre-Approval 1024 536 jaycurley

  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…

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5 Reasons to Buy a Home This Fall
5 Reasons to Buy a Home This Fall 1024 536 jaycurley

Real estate markets ebb and flow just like the seasons. The spring market starts hopping when the sun comes out, flowers bloom and winter is over. Conversely, fall signals the beginning of a slower market, which could be good for buyers. If you’re in the…

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Moving Checklist & Planner
Moving Checklist & Planner 1024 536 jaycurley

  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…

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Why Use a Local Mortgage Lender?
Why Use a Local Mortgage Lender? 1024 536 jaycurley

  Real estate agents who would represent you as a buyer do care which lender you use. They’ll often suggest that you use a local lender who’s experienced with your area’s nuances, such as local taxation rules, settlement procedures and appraisal methodologies. These areas are…

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Why was I countered?
Why was I countered? 1024 536 jaycurley

  As a homebuyer, if you make an offer below list price, the seller may choose to reject, accept or simply let the offer expire. If there are multiple offers, the listing agent will lay out the options for their client and then notify all…

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Pen Pals with Your Mortgage Lender?
Pen Pals with Your Mortgage Lender? 1024 536 jaycurley

  According to a piece in the Wall Street Journal, it is a common practice for underwriters to reach out to borrowers asking for letters of explanation sometimes referred to as “comfort letters” to firm up mushy spots in their knowledge of borrowers’ situations. These…

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Thinking About Buying a Home?
Thinking About Buying a Home? 1024 536 jaycurley

  One of the first steps in the homebuying process is fully understanding your finances. Here is a checklist to help you prepare. Avoid making changes to your financial story that could hurt you ability to qualify for your home loan. Do Make and stick…

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What’s the Point?
What’s the Point? 1024 536 jaycurley

  Your financial house is in order and you’re ready to make your dream of homeownership a reality. Now it’s time to get a mortgage. So what are these so called “points” and is there a point in paying them? A “point” equals one percent…

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FHA Streamline Refinance
FHA Streamline Refinance 1024 536 jaycurley

  The FHA Streamline Refinance program is a special refinance program for people who have a Federal Housing Administration (FHA) loan. It is the simplest and easiest way to refinance an FHA loan. Unlike a traditional refinance an FHA Streamline Refinance allows a borrower to…

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Things to Remember
Things to Remember 1024 536 jaycurley

  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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