Purchase

Mortgage

VA Loans: What to Know and How to Apply
VA Loans: What to Know and How to Apply 1024 536 patrickgardner

The VA loan is arguably one of the best incentives tied to military service. Despite being an incredible home-purchasing tool, many of those eligible to utilize it are not aware of all of its benefits and how they work. The VA loan could make the…

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Is a Mortgage Pre-Approval Necessary?
Is a Mortgage Pre-Approval Necessary? 1024 536 patrickgardner

Do you need a mortgage pre-approval letter to make an offer on a house? You know you need to get your ducks in a row before looking at homes, but does that include securing a pre-approval letter from a lender? The truth is, getting pre-approved…

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Things to Remember
Things to Remember 1024 536 patrickgardner

  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 patrickgardner

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 patrickgardner

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

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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3 Keys to Buying a Home
3 Keys to Buying a Home 1024 536 patrickgardner

  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…

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Pre-Qualification vs. Pre-approval
Pre-Qualification vs. Pre-approval 1024 536 patrickgardner

  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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Why was I countered?
Why was I countered? 1024 536 patrickgardner

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

  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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