Since buying a home is one of the biggest financial investments most people ever make, if you are not careful, you can get in over your head. This can result in a status of being “house poor,” or spending way more on housing costs than you can
Dec 20, 2022 | Refinancing a Home Home Equity Loans
As a real estate agent, it's important to always be prepared for the unexpected and to be able to adapt to changing market conditions. With the uncertainty of the current economic climate, it's more important than ever for agents to be ready for potential
Dec 20, 2022 | Mortgage News
If you are buying a home that is priced significantly above the region’s average, traditional loans may not be able to cover the size of your purchase. In this case, you’ll need a jumbo loan. And if you’re a veteran or active-duty military member, there a
Dec 15, 2022 | VA Loans Purchasing a Home
According to a recent report from Redfin, as of October 2022, in order to afford a “typical home” with the median monthly mortgage payment of $2,682, a buyer would need to earn at least $107,281 to be able to afford the loan. While prices may have slowed
Dec 13, 2022 | Purchasing a Home
If you are venturing into the world of rental properties, it's time to learn the ins and outs of non-owner-occupied mortgages. This is a special type of home loan for a property you buy but do not intend to live in. There are a few differences you need to
Dec 08, 2022 | Purchasing a Home
If you’re ready to buy a home, before you even start going to see properties, it is a good idea to obtain a preapproval letter from your mortgage lender. Especially in a competitive housing market, sellers will take you more seriously if they see you alre
Dec 06, 2022 | Purchasing a Home
