If you are ready to buy or refinance a home, here are a few things to keep in mind. DO: Maximize your credit score Avoid major purchases Before you see homes, get a pre-approval letter DON’T: Rack up credit card debt Miss payments Spend all your savings Change jobs Take out other loans Make a…

Did you know that some renters can buy a home without even realizing it? MISCONCEPTIONS • It costs more to own a home vs. renting • Not a good time to buy • You need to provide a large amount of cash for a down payment REALITY • The price to owning a home has…

If you answer “YES” to these questions, you may be ready: 1. Your finances and credit score are in order 2. You plan on staying in the same area for an extended amount of time 3. You can afford your monthly payment We would be happy to talk with you to see if you’re ready…

Owning a home gives you the opportunity to build home equity. What is home equity? Equity= how much your home is worth – how much you owe on your home If your house is paid off and you owe nothing towards it, you own 100% equity in it. How to build equity: 1. A decrease…

When purchasing a home, your credit score plays a role. So what makes up your score? •35% payment history o How often do you pay your accounts on time? o Late payments may lead to a lower score • 30% capacity o How much of your total credit have you used? o Less is more……

When looking for your home loan, it’s important to look at every available option. Different loan options all come with their own benefits. The 30-year fixed rate mortgage is commonly thought to be the best option. Depending on your current situation, that may or may not be the case. What are the 3 most common…

Refinancing is getting a new mortgage to replace the original. Often times things may have changed since your current mortgage and there may be different ways to improve your home loan. What are some reasons someone would refinance? • Save money- Lowering your interest rate is a common reason for refinancing. Reducing your interest rate…

When you start the first steps to home ownership, make sure you get the big questions answered first. 1. What can you afford, how much money do you need, and when can you buy? Select a qualified, experienced mortgage professional that you feel comfortable with and get the answers to these questions. Your loan officer…

There are many benefits of being pre-approved for a home loan. 1. You get to know what you can afford in advance. When you start looking at properties, this is crucial information to know 2. Your pre-approval is a sign that you are a serious buyer to your agent 3. It can lead to a…

Purchasing a home is one of life’s major landmarks and for some, it is even a dream come true. What is your role while purchasing a home? • Communicate with your real estate agent about your expectations, preferences, and concerns. • Meet with your Loan Officer to discuss your financial situation and goals. • Obtain…