One of the best things you can do to ensure you get the home you want is to arrange for financing before you go shopping. This is often referred to as getting “pre-approved”. Getting pre-approved simply means that your lender has calculated how much of a mortgage they’re willing to ...
Continue ReadingMost people purchasing or selling their home will eventually have to deal with a “home appraisal” at some point during the process. A home appraisal can affect the sale of property in different ways for both buyer and seller and the impact it can have on the transaction ...
Continue Reading“I don’t have a problem with credit,” a potential new home buyer says. “I pay my bills on time. I never have trouble getting a loan.” That may be true. However, according to several surveys, most people are surprised by at least one piece of information in their credit report. ...
Continue ReadingTHE FOLLOWING ARE GENERALLY THE RESPONSIBILITY OF THE BUYER: Bank costs, including application fee, credit report, appraisal or inspection fee, processing fees and bank attorney fees. Attorney fee for representation of Buyer’s interests at passing of papers (ranges from $300 up.) Tax escrow to bank if bank is paying taxes. ...
Continue ReadingYou see a great home. You click on the mortgage calculator and start punching in the numbers. The estimated monthly payment is displayed on the screen. You think, “Yep, we can afford that!” Can you? It’s easy to be seduced by a mortgage payment calculation. However, mortgage payments aren’t the ...
Continue Reading“Can we afford it?” That’s the first thought that comes to mind when shopping for your next dream home. Fortunately it’s an easy question to answer if you consider your lifestyle, financial goals, expenses and mortgage eligibility. Lifestyle There’s more to life than just paying the mortgage and other living ...
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