Below you'll find a list of all posts that have been tagged as “Mortgage”
After the offer on the home is accepted, an appraisal will be conducted by a third-party company. The appraisal gives a second opinion on the fair market value of the home. This assures the lender that they are making a sound decision lending their money to the buyer. As long as the buyer is getting financing for the home, there …
Is purchasing a home one of your goals? First things first, retrieve your credit report and assess if there’s anything you can do to improve it before securing financing. The better your credit report, the better interest rate and terms for your mortgage, which can save you thousands in the long run. If you want to improve your credit score, …
REALTOR® Melanie Cameron explains the differences between a Forbearance, Loan Modification, and Loan Deferment. Don’t make a blind choice just because someone says you don’t have to pay your mortgage for 3 months. Each of these actions have different consequences and one may make your financial situation worse. If you have any questions, don’t hesitate to reach out to …
REALTOR® Melanie Cameron explains how to determine if now is the best time for you to refinance your home mortgage and what lenders will be looking at when deciding if you qualify for a new loan. Rates may be good but refinancing may not make sense for your situation. If you have any questions or would like the names of …
A tight inventory and buyer demand has led to an increase in home values. The typical home in the United States now costs $244,054. That is 3.7% higher than December 2018, according to a report from Zillow. When potential buyers see prices rise, it’s a gut reaction to think that homes are less affordable, and they should hold off on …
REALTOR® Melanie Cameron shares some tips for saving money on your mortgage. Doing one or more of these things could save you thousands of dollars and take years off your mortgage.
If you have good credit and a low debt-to-income ratio, co-signing on a mortgage is a common tactic for helping a child, sibling, or other family member purchase a home when they normally wouldn’t be able to. However, there are some things to keep in mind when deciding if co-signing is a good option for you. After all, you will …
Buying a home can take months of preparation – maybe even years, depending on your needs. If you’re thinking about purchasing in the next year, we’ve compiled a brief overview of what the average buyer should be doing 6 months to 1 month prior to purchasing a home. This will provide you with some simple guidelines to create your own …
Their commercials are all over television and streaming devices – online lenders advertising quick approvals and apps that make the application process super easy. The ease of accessibility appeals to home buyers who like the low-pressure benefits of shopping online and the swiftness of information retrieval. However, is there a benefit to using these online lenders and is their application …
Being self-employed can be a very rewarding experience. You carry a lot of responsibility for your own success and that of your business, but when you receive your paycheck, there’s no question that you earned every penny. With close to 42 million people in America (about 33 % of workers) being self-employed, it’s easy to say there are many successful …
