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.
What is the Due Diligence Period?
Home Buyer Tips, Appraisal, Buying a Home, Due Diligence Period, Home Buyers, Inspections, repairsThe first stages of buying a home include getting pre-approved, hiring a REALTOR™, and finding the perfect home. But what happens after a buyer makes an offer that’s accepted? In North Carolina, acceptance is immediately followed by ...
Where Did It Flood in Wilmington, NC?
Home Buyer Tips, flood insurance, flood maps, flooding, Hurricane Florence, Hurricanes, North Carolina, wilmingtonWilmington, NC, is a highly desirable area. The Cape Fear River is on one side, and the Atlantic Ocean is on the other. There are beautiful beaches for lounging and inlets for boat cruising. The temperatures are moderate (it may snow onc...
Tips for Winning the Contract in Multiple-Offer Situations
Home Buyer Tips, Buying a Home, Home Buyers, multiple offers, Negotiating Wilmington, NC, REALTOR® Melanie Cameron gives some tips for making your offer stand out in a multiple-offer situation. Our spring market is hot, and we are seeing a lot of competing offers. These tips are inspired by real-life scen...
How to Build a House: The Steps for Building a Custom or Semi-Custom Home
Home Buyer Tips, Custom Home, New ConstructionObviously, the title of this article is a bit inflated. It would take multiple books to explain all the steps of building a home, from developing a budget to installing a roof. If you’re planning on building your own home, you’re lik...
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