Category: Uncategorized

Are Home Inspections Required?

One common requirement involved in the mortgage process is the ordering of a third-party appraisal. This fee is a standard closing cost most all borrowers pay, regardless of the lender. Of course, most of us want to limit our out-of-pocket costs as much as possible when purchasing a big-ticket item such as a home. So it stands to reason a common question I’m asked is: If I’m Already Paying for an Appraisal, Do I Still Need a Home Inspection? The answer to this question requires a few more questions: Q: What is the difference between an Appraisal and an Inspection? Read More

Home Maintenance Checklist

Whether you’re a new homeowner or a seasoned, home-owning veteran, we pulled together a quick home maintenance checklist that will help keep your biggest investment organized and looking great all year long.  So without further ado, here’s our easy-to-follow home maintenance checklist: Weekly Sweep floors and vacuum carpets Clean bathrooms Check all drains to make sure they aren’t clogged Make sure all interior and exterior light bulbs are working properly and replace as needed Mow and edge lawn to maintain good curb appeal (if in season) Remove weeds from flower beds (as needed) Monthly Replace air conditioning filter Clean garbage Read More

Unmarried and Buying a Home

What You Need to Know About Buying a Home as an Unmarried Couple Buying a home with a loved one is an exciting next step. However, home purchases between unmarried couples come with a few challenges. And since buying a home presents a significant financial investment and personal commitment, it’s important to know the challenges you may face before you sign on the dotted line. Here are five things to plan for when buying a home as an unmarried couple. Have an Honest Talk About Finances Even if you have already rented an apartment together and think you’re fairly familiar Read More

Time for a Bigger Home

We may grow but our homes do not.  Starter homes are just that, for starters! Lets take into consideration the benefit of a larger home.  Of course the amount of space for living and storage; no more elbow bumping or closet overloads when a larger space is available! Well that’s just obvious.  Consider how you most utilize certain spaces in your home then focus on the amount of bedrooms, baths, sq ft. etc.  Do you like to entertain? Can you do so in your current home? Lets consider the possibilities of social gatherings, birthdays, and family holidays in a new Read More

Homes for No Money Down

No Money Down Home Loan Programs USDA Home Loan A rural development mortgage from the USDA is a zero-down loan for low-to-moderate income families. Besides the no money down, you’ll enjoy other perks like a mortgage insurance premium (mip) is that’s lower than most other home loans. There are a few limitations to this loan, mainly the location of the home and your income. Contact us to find out if the area you’re considering is approved for USDA home loan purchasing and to see if you qualify for a USDA mortgage. VA Loans VA loans are for those who are Read More

Conventional Financing without 20% Down

20% Down for Conventional Financing or No Deal? When envisioning the American Dream of financing your next home; how often have you been told, “You must have 20% down in order to qualify for a Conventional home loan?” Q: Why is having 20% so important? A: With a 20% down payment, Private Mortgage Insurance (PMI) would be eliminated. Note: Private Mortgage Insurance (PMI), protects the lender in case you end up in foreclosure. How to buy a Home with less than 20% down Check out the 3% down Home Ready Program! This loan program allows Lenders to confidently serve today’s market Read More

To Refinance or Not Refinance?

Refinancing is the process of replacing an existing loan with a new loan, different terms.  The new loan pays off the current debt.  Debt is not eliminated when you refinance but replaced by a loan with better terms/features to improve your finances. Refinancing is done to allow a borrower to obtain a better interest term and rate.  Why do people Refinance? Save money Don’t like your interest rate? Refinance for a lower rate! After owning a home for a few years and building up equity, you may be able to refinance at a lower interest rate. Reducing interest not only helps save money, Read More

Re-Cast the Loan not your Life Screenplay!

  Re-cast your Loan A term you may not have heard of, however, all conventional loans have this feature.   Let’s say you want to buy a home before you sell a home. You would love to put 20% down to avoid PMI but you do not have the net proceeds from the sale of the current home. A strategy to consider. If you can come up with 3% or 5% down from one of the other scenarios outlined, we may be able to use this plan of attack. Say you put 5% down, then sell your current home. Yes, Read More