Active duty and retired military members have a great benefit when it comes to purchasing a home. They can do it with NO MONEY DOWN. Being a veteran isn't the only requirement when it comes to getting a VA loan, though. The Department of Veterans... (Read More)
Homeowner and renter insurance plans are designed to protect you in the event of a disaster such as a fire. But with all the items in an average household, it's imperative that you document your belongings so that you can file an accurate and timely... (Read More)
Think that you need a 20 percent downpayment to purchase a home? Many prospective home buyers buy into this myth, studies show. Yet research shows that among those who take out a mortgage to purchase a home, the median downpayment is about 10... (Read More)
"New car smell" is divine, but nothing quite like the smell — and look — of a newly-built home. Pristine carpets, unblemished walls, the smell of freshly-cut lumber lingering in the air — it's hard to beat the excitement of taking ownership of... (Read More)
Your credit score is an important number that can affect the interest rate you can get for a mortgage and even whether you can qualify for certain types of home loans. It's not the same as your credit report. Think of your credit score as a... (Read More)
Curious about what type of information you'll need to provide about yourself if you're applying for a mortgage? Here's what we'll need from you (and a co-borrower if you have one) to get started on your loan application:
—Social Security Number... (Read More)
Mortgage rates are on the move. When is the best time to "lock" your mortgage rate? And for how long should your lock be effective? If you're buying or building a home, you'll have to answer both of these questions.
Unfortunately, there's not a... (Read More)
The property disclosure report is an important document in any real estate transaction. In it, sellers must reveal any issues relating to a property that could negatively affect its value.
That's why it's so important for home sellers to set... (Read More)
Whether you're buying or refinancing, you have a number of choices. One of those is your loan term. While the overwhelming majority of home buyers and home owners elect to go with the 30-year mortgage, you may be wondering if a 15-year home loan... (Read More)
When purchasing a home, your mortgage pre-approval is based on your current financial situation. That's why once you are pre-approved, you should avoid making big changes to your finances. Here are several things you'll want to avoid doing while... (Read More)