The Process

Closing Costs Explained

When purchasing or refinancing a home, you will undoubtedly run into a complex list of closing costs. These costs can range from ten dollars to thousands of dollars. So how do you know if the closing costs are fair or necessary? This guide should help you amswer all of your questions. If you would like a …

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FHA Home Loans

An FHA loan is a mortgage loan with flexible underwriting guidelines backed by the Federal Housing Administration (A Department of HUD).  FHA loans are extremely popular with first time home buyers because they allow down payments as low as 3.5% and allow the seller to pay the borrowers closing costs. FHA has flexible credit requirements. …

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Home Inspection Red Flags

Mortgage Inspection

So you have found the home of your dreams. It fits your vision and lifestyle, and you are pre-approved to expedite the purchase. It is an exciting time, becoming a homeowner. One of the first steps to take is to have the home inspected to check for any structural and safety risks associated with the …

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The Cost of Waiting

Interest Rates Won’t be This Low for Long Waiting to buy a house could be costing you money. Homeownership has significant financial benefits, and yet, for the first time in 50 years, we have more renters than ever in the U.S. Almost half of renters say that their biggest regret is not buying a house. …

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Credit Scores Could Rise Next Month!

Starting next month, you might notice a boost to your credit score.Here’s what you need to know.Credit Score: What’s Changing?Beginning today, the three major credit bureaus – Experian, Equifax and TransUnion – will exclude tax liens from credit reports. Since tax liens can adversely impact your credit score, their removal could benefit your score.This follows …

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Mortgage “Advisors”

More and more loan officers are presenting themselves as “trusted mortgage advisor” and “mortgage planners.” Unfortunately, there are no standards in the industry for these terms. Disregarding titles, it is important for anyone making this important decision to make it with the best advice possible. To do this, an individual needs an understanding of the …

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The Perfect Mortgage Application

The Perfect Loan Application

The media has it all wrong – securing a mortgage approval and satisfying credit underwriting guidelines are not the challenges facing mortgage applicants. It is meeting the rigorous documentation requirements in the mortgage application that most people fall flat. The good news is, the fix is simple. Just scan, photocopy, fax, and deliver every aspect …

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Are you VA Loan Eligible?

U.S Veterans have access to arguably one of the nations best home loan options.  The VA home loan also called the “GI Bill” or “Montgomery Bill” is guaranteed by Department of Veteran Affairs.  We offer home loans to all eligible service member’s and can help you check your eligibility for free.  Just click get started …

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Pre-qualification vs Pre-approval

Mortgage Pre-qualification and Pre-approval

Pre-Qualification Vs Pre-Approval Pre-qualification vs Pre-approval are terms used in home finance to determine how qualified a borrower is. Many applicants I have met with believe the two terms to be synonymous when nothing could be further from the truth. The strength of you offer, as viewed by the seller, could be determined by your …

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