Purchase

Mortgage

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

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 Owning Your Own Home
3 Keys to Buying a Home
3 Keys to Buying a Home 1024 683 jeremykingsbury

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
Pre-Qualification vs. Pre-approval 1024 684 jeremykingsbury

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 jeremykingsbury

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 jeremykingsbury

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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Why was I countered?
Why was I countered? 1024 768 jeremykingsbury

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 buyers’…

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New Mortgage Rules For Self-Employed Borrowers
New Mortgage Rules For Self-Employed Borrowers 1024 683 jeremykingsbury

Being your own boss comes with a lot of perks. Easier mortgage approval may not be one of them. If you’re self-employed, you must meet different requirements than a salaried person to qualify for a mortgage. The rules about updated in recent months to take…

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Why Use a Local Mortgage Lender?
Why Use a Local Mortgage Lender? 1024 667 jeremykingsbury

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 all…

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Pen Pals with Your Mortgage Lender?
Pen Pals with Your Mortgage Lender? 628 419 jeremykingsbury

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 letters…

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Thinking About Buying a Home?
Thinking About Buying a Home? 628 419 jeremykingsbury

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 to…

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