With 30-year mortgage rates now topping 20-year highs, borrowers are looking to alternative loan options to save money on home loans. Adjustable rate mortgages (ARMs) are becoming more popular as homebuyers and refinancers look for lower introductory inte
Dec 19, 2023 | Purchasing a Home
During the home buying process, you will encounter many unfamiliar terms, some of which may seem like the same thing. One such pair might be “sales price” and “appraised value.” They both refer to how much the house is worth, right? Actually, there is a d
Apr 06, 2022 | Purchasing a Home
The standard home buying process follows this formula: you find the right property, you go under contract to buy it, you get approved for a mortgage loan, the lender lends you enough money to buy the home, you sign papers, and you move into your new house
Feb 09, 2022 | Purchasing a Home
When you apply for a home mortgage, lenders will check your credit score, income, assets, and debt. All of this will get factored into an algorithm to figure out if you are credit-worthy enough to be granted a loan. Most of the standards used by lenders a
Feb 02, 2022 | Purchasing a Home
You finally saved up enough for a down payment and you can almost taste being a homeowner, but then you hear about closing costs. Coming up with a few extra thousand dollars sounds impossible. Before you give up on the dream of buying a home, here are a f
Jan 26, 2022 | Purchasing a Home
Roughly 9% of all U.S. homebuyers in 2020 were unmarried couples. If you and your partner are considering a house purchase before tying the knot, there are some important questions you should ask yourself to see if it makes sense.How does the law see our
Jan 19, 2022 | Purchasing a Home