Should I Look at Homes First or Apply for a Loan?
I hear a lot of agents telling buyers to apply for a home loan before looking at any property but is this always the best direction? I have found that applying first and looking at homes second only works about half of the time. The reason for this being that buyers...
Top Mistakes Many First Time Buyers Make
The last thing we want is to have regrets after buying such a large purchase, a home. If you’re like a lot of consumers these days, you’ve done your research, you’ve become educated, and you understand a little bit more about the home buying process....
When Should We Get Pre-Approved for a Mortgage?
Being preapproved before looking at homes is always the correct way to do things when buying a property but when should you get preapproved, why, and what is it? Being preapproved with a lender is more than simply typing in your income in a mortgage calculator online...What Will it Cost You If You Wait to Buy?
I speak to a lot of real estate agents that have issues with buyers waiting to buy. Obviously, we know the prices consistently go up over the years even if there are drops here or there but what is really the difference if you buy now versus waiting until next year?...
Common Real Estate and Mortgage Terms
The world of real estate is vast and can get confusing, especially of you are a first time home buyer. Just the language and terms alone in real estate can be enough to have the average person confused when buying or selling a home. When trying to purchase or sell a...
Is the Housing Market Cooling Off?
It seems that houses are not flying off the “shelf” as they did just 3 to 4 months ago so what is exactly happening and what does that mean for buyers and sellers now? Late spring and summer are typically some of the busiest times in the US housing market...
Common Sense Reasons to Buy a House with a Mortgage
There may be plenty of reasons to buy a home whether it’s expanding your family, wanting to grow equity, or just want something that will appreciate in value. Buying may be right for an individual or it might not be. There are some benefits and common-sense...
FAQ for Self Employed Home Loans
Frequently asked questions on self-employment home loans or stated income loans. Question: How good does my credit have to be? Answer: You need a minimum credit score of 600 to be eligible for a stated income self-employment home loan. Past credit issues may be okay...
What is a No Doc Mortgage?
Before the housing crash in 2008, a popular alternative to the traditional mortgage was called the Ninja mortgage which stands for “no income, job, or asset verification. This is also referred to as a no doc mortgage. Now while this might seem a little crazy,...
Welcome to my Blog!
Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.