There are many steps to buying a home and the first is getting preapproved for a mortgage, but what exactly does that entail? The infographic below explains what mortgage professionals most often require from those seeking a home loan and what buyers can expect to do to secure a mortgage. Now, it’s important to note that the infographic states that a 5-20% down payment is expected but know that there are existing programs that require as little as 0% down. Not everyone will qualify for that, but it’s definitely something to discuss with your mortgage broker/loan officer.
If you’d like a referral to a reputable local loan officer, don’t hesitate to reach out to us. We have some great professionals that we’ve worked with, and we always give a couple of names so you can find the one that works best for YOU.
Buying a Condo: Information to Investigate and Consider
Home Buyer Tips, Buying a Home, Condominiums, Home Buyers REALTOR® Melanie Cameron shares some information you want to investigate and consider before purchasing a condo, including financing options, lifestyle features, and restrictions. Have questions about buying a condo in the greater W...
Condos Vs. Townhomes: What are the Differences?
Home Buyer Tips, Buying a Home, Condominiums, Home Buyers, TownhomesWhether you’re looking to make your first real estate purchase, downsize, or snag a property at the beach, you may notice that condos and townhomes offer similar living situations. They’re both types of attached dwelling units that offer...
Increased Home Values Do Not Equal Less Affordability
Home Buyer Tips, Buying a Home, Finance, Home Buyers, interest rates, MortgageA 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 pric...
We Can Help You Move Anywhere – Relocation Services
Home Buyer Tips, Home Seller Tips, Buying a Home, Home Buyers, Moving, Relocation Choosing a real estate agent, selling/buying a home, and moving across country can be an overwhelming process. But we can make it easier for you! Our award-winning Relocation Department at Coldwell Banker Sea Coast Advantage provides...
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