One of the significant barriers to homeownership for first-time homebuyers is their limited credit background. It takes time to establish a full credit history, and only certain types of regular payments, like auto loans, student loans, and credit card pa
Aug 25, 2022 | Purchasing a Home First-time Homebuyers
If you live in one of our nation’s pricier areas or if you want to buy a home significantly above the median price for your area, you’ll probably need a jumbo loan. If you’re not familiar with these types of mortgages, here are some of t
Aug 23, 2022 | Purchasing a Home
If you have recently bought a home, you may have heard your closing agent mention something about a prepayment penalty. This idea might have seemed strange. Why would there be a penalty for paying off your loan ahead of schedule? Here’s what you need to k
Aug 18, 2022 | Purchasing a Home Mortgage Basics
Once you find the perfect house and your offer is accepted, it is time to turn your attention to lining up the financing. If you’ve never applied for a mortgage loan before, or if it’s been many years since your last home purchase, the process
Aug 16, 2022 | Purchasing a Home First-time Homebuyers Mortgage Basics
One of the new terms you’ll hear as a first-time home buyer is “escrow.” If you’re unfamiliar with this word, here’s everything you need to know about escrow accounts and how they work. A Definition An escrow account, also known as an impounds account, is
Aug 11, 2022 | Purchasing a Home First-time Homebuyers
Buying a home for the first time is an adventure; it is exciting, but it can also be challenging to understand all the terms and procedures. If you are getting started on your homebuying journey, here are some of the most frequently asked questions that c
Aug 09, 2022 | Purchasing a Home First-time Homebuyers
