Mortgage Purchase

 As you search for a home, getting pre-approved for a mortgage is an important step to take. Pre-approval is the process of determining how much money you can borrow to buy a home. To pre-approve you, lenders look at your income, assets, and credit score to determine what loans you could be approved for, how…

If you’re overwhelmed by the idea of being able to afford a home, you’re not alone. It’s easy to get discouraged about the price of homeownership, but it doesn’t have to stop you. If you’re a first-time homeowner in need of financial assistance, an FHA loan might be the right answer. Due to their lower…

FHA Loans are government secured loans designed to allow low to moderate income home-buyers afford a house with a more lenient credit score and a small down payment as opposed to the traditional home mortgage. Anyone can apply for an FHA Loan up to a certain degree called a lending limit. FHA mortgage insurance must…

With so many choices for home financing, it’s no wonder shopping for a mortgage is stressful and confusing. There are dozens of loan products on the market, and you deserve information before making such a big commitment. The good news is that there’s a home financing solution for almost everyone, whether you have good credit,…

Your Step-By-Step Walkthrough to Buying Your First Home It’s been said that shopping for a house is a little like trying to find the love of your life. You have to know what you’re looking for, balance your needs and desires with what’s available, try to avoid falling head over heels, protect your heart from…

A mortgage is likely to be the largest loan that anyone will ever take in their lifetime. Since mortgage terms can last for as long as 30 years, it makes sense to find a mortgage that is affordable and that can be comfortably serviced throughout the term of the loan. There is no need to…

Buying your first home is an exciting and potentially overwhelming experience. As a first-time home buyer, you might be surprised at all of the paperwork and inspections involved in making a purchase. By remembering a few tips regarding mortgages, however, the process can go a lot more smoothly. Check Your Credit Before applying for a…

You’ve finally done it! You’ve searched your market for the perfect house, settled on the price, put together the down payment and signed all the necessary paperwork. But when you go to apply for a mortgage, you’re told you need “Private Mortgage Insurance”, known as PMI. Why would you need insurance for your mortgage? When…