The first time you are getting a loan, it can be confusing what all is needed and how to start. This outlines the steps to getting a loan from picking a lender to closing. 1) Picking a Lender. Comparing lenders can be daunting. All the components of a loan including the interest rate, origination fee, [...]
When you decide to buy a home, getting the best possible loan is important. It can save you thousands of dollars. How you can keep your monthly mortgage payments down? These are the different components of the loan that can affect your monthly mortgage payments. 1. Down Payment: The down payment is how much cash [...]
There are some myths about real estate agents, many of which are not so flattering. But when it comes down to it, realtors are not too out there, and there is a logical explanation to each misconception. Let’s straighten out a couple myths and facts. Myth #1: They have big hair. Fact: Though occasionally real [...]
When people call me, typically one of the first requests they make is for a house in a “nice” neighborhood. And this makes sense to want a neighborhood that is safe and enjoyable. But there are some benefits to buying real estate in the rough part of town or on the wrong side of the [...]
Most real estate purchases are bought with loans so getting a good faith estimate and pre-approval letter from your lender helps the process start off on the right foot. The good faith estimate, or GFE for short, is required by law to be provided by lenders when you are seeking a loan. It lists out [...]
When you decide to buy a house, one of the first tasks is to talk to a couple lenders and choose which lender & loan is best for you. With all the loan variables, it’s tough to compare one lender to another. In this article, we’ll go through each of the loan variables. 1. Down [...]