We all need lower mortgage payments or just plain need a home loan!Finding the right mortgage company that knows what they are doing and will find a solution for you is sometimes a long difficult process and with gas prices the way they are, most of us just can’t go from place to place applying [...]
Purchasing your first home is an exciting and scary time. For the most part, new homebuyers are unfamiliar with the home buying process. Before accepting a mortgage loan, it is important to educate yourself on various loan programs. Furthermore, first time home buyers should be aware of factors that improve and decrease their chances of [...]
What’s a Point? A point, or discount point, equals one percent of a loan amount. For instance, one a mortgage loan of $200,000, one point would equal $2,000.
Why Do People Pay for Points? Some home buyers pay points to their lender at closing in order to lower their interest rate over the life [...]
What’s a Point? A point, or discount point, equals one percent of a loan amount. For instance, one a mortgage loan of $200,000, one point would equal $2,000.
Why Do People Pay for Points? Some home buyers pay points to their lender at closing in order to lower their interest rate over the life [...]
Home buying is truthfully one of the most fulfilling things an individual or couple can do. However, this fulfillment only comes when the purchase is thoroughly planned and closes without problems. The one thing that you never want to happen is buyer’s remorse. With such a large purchase it just doesn′t make sense to rush [...]
Closing adjustments are credits and debits made during a real estate closing to cover a variety of expenses. At some real estate closings, adjustments can be extensive. So make sure you have a good handle on them prior to closing day.
Tax Adjustments at Closing In most cases, the biggest adjustments made at real estate [...]
Use a mortgage broker
Who do you think has a better chance of getting you a better interest rate:
A bank with one loan program? Or a mortgage broker that works with a 100 different banks that compete everyday for your business?
It is definitely the mortgage broker who can shop your loan around to [...]
Tip #14 in our series of 70 ways to save money when buying a house is use a weasel clause to protect yourself.
Even if your lender does not require a pest (termite) inspection and the seller says he has never had a problem with insects you should get one done for yourself anyway.
If [...]
Maybe you’re buying your first home in Tennessee, or perhaps you’re relocating to Tennessee from another state. Either way, it’s important that you educate yourself on Tennessee home loans before shopping for a home and mortgage. This article explains what you′ll need to know before buying a home in Tennessee:
The price of homes in [...]
What are low-income home buying programs, and how do they help home buyers?
I get this question a lot, especially from first-time home buyers. So here’s an overview of low-income home buying programs, how they work, and where you can learn more.
Generally speaking, a low-income home buying program is any program that’s designed to help home [...]
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