Home Buyers

Essential Tips for Single Homebuyers

Essential Tips for Single Home Buyers

Buying a home is a big step for anyone, but if you are a single home buyer the process could be even more daunting. There may be some challenges faced when buying a home independently, but it is possible! With enough planning and understanding, you can become a homeowner without relying on anyone else. Know […]

Steps to Saving Down Payment

6 Steps to Start Saving for Your Down Payment

Thinking about buying a home, but having trouble saving for the down payment? If you are struggling with saving for your down payment, you are not alone. According to a study by Zillow, saving for a down payment was the top hurdle towards homeownership for more than two-thirds of renters, beating out mortgage approval and […]

Loan Estimate

Your Loan Estimate: What to Look For

After you apply for a mortgage, you will receive the most important document in the loan process—the Loan Estimate. The Loan Estimate is a three-page form covering important information regarding your potential loan. This form will give you an estimated interest rate, monthly payment, closing costs and more! This estimate does not necessarily mean that […]

FHA Increases Loan Limit

FHA Increases Loan Limits for 2018

The Federal Housing Administration (FHA) has announced their new loan limits—and it looks like nearly every area will see an increase in 2018! Due to a rise in median housing prices and an increase in conventional mortgage loan limits, the maximum loan limits for an FHA mortgage will rise in over 3,000 counties! The U.S. […]

What is mortgage insurance and how does it work?

What Is Mortgage Insurance And How Does It Work?

Putting less than 20% down on your home sounds like a dream…but what’s the catch? You will most likely have to pay mortgage insurance until you reach that 20% threshold. This insurance policy lowers the risk of the lender so that you can qualify for a loan that you might not otherwise be able to […]

How to Set Yourself Up for Mortgage Success

Set Yourself Up for Mortgage Success

As you begin the mortgage process, the information and paperwork can become overwhelming. From understanding the many mortgage acronyms to gathering all of the documentation– the application process can get confusing.  If you keep these simple tips in mind when preparing for your application, you can become a confident homeowner! Preparation is Key  Become an expert on your current financial situation by assessing every aspect of your […]

401k Home Down Payment

Using Your 401k as Your Down Payment: Is It Worth It?

Saving for a down payment can be challenging and seeing your growing 401k sitting there may be tempting to use. While purchasing a home could be the biggest investment you will make, your 401k is key to your long-term financial plan and withdrawing now could leave you ill-prepared for retirement. What to do  Instead of making a withdrawal out of your […]

New construction vs existing home

New Construction or Existing Home: Which is Right for You?

As you search for your dream home, you have a lot to consider. Neighborhoods, school districts, work commutes…and whether to purchase a new construction or an existing home. Here are some advantages and disadvantages for purchasing a new construction home versus a resale home to help you decide which option best suits your lifestyle. New […]