Check out our recent blog posts on Home Loans, Mortgage, Finance and home-buying strategy from Jimmy and the team — no jargon, no hype, just what actually matters for your next move.
Two clients called on the same day with the same question: I've got the cash, so should I pay for the house outright or finance it? Here's the honest case for both, plus a third option most people never hear about.
Showing 1–12 of 44 posts
U-Haul migratioon data shows where americans are moving...and where they're leaving. The latest trend points towards affordability, space, jobs, and quality of life as major drivers behind today's state-to-state moves.
Inflation just hit a 3-year high. Inventory's climbing. Rates are back in the mid-6s. And despite all that — for the right buyer, this is the best window I've seen in years.
Mortgage rates are climbing again as oil prices spike and inflation fears return. Here’s a simple breakdown of how global energy markets, the Strait of Hormuz, and inflation pressures are influencing mortgage rates right now.
The rent vs buy debate is back, and this time the argument says you’re better off renting and investing for 30 years. But what if the real answer isn’t either or?
Will using an out-of-state lender hurt your offer? Here’s what actually matters when choosing who handles your mortgage.
Most of us dream of being able to buy a home we love and spend years saving up enough money to make this dream a reality. But with so few resources available to help guide you through the mortgage application process, it’s easy to become overwhelmed by the amount of paperwork and documentation required to secure your home loan. Not only that, but failing to have the proper information ready before you apply for your mortgage can drastically slow down the application process and force you to miss out on the home of your dreams. Today, we’re breaking down everything you need for a smooth mortgage application process, so that you can take the first steps toward homeownership fast.
You call your agent to make an offer before your dream home can slip away, but are left scrambling to get a pre-approval letter from your preferred lender as more prospective buyers begin bidding on your home. Sounds like every buyer's worst nightmare, right? The bad news is that this scenario plays out nearly every day. The good news is that there’s a simple way to avoid this competitive market fiasco altogether. With a pre-qualification or pre-approval letter, you can show potential sellers that you have the funds necessary to buy a home, and increase your chances of landing the property of your dreams. But first, it’s important to remember that pre-qualification and pre-approval are not the same things. Here’s what you need to know to ensure that your application process goes smoothly and effectively…
Earnest money is a deposit the buyer puts down when they’re interested in buying a house. This money shows the seller that the buyer is serious about buying the home. It also protects the seller if the buyer backs out of the sale. If you’re starting the home buying process, here is what you should know about how earnest money works.
Closing costs can be a hassle when you’re trying to purchase a home. Feeling over your head as a first-time home-buyer, it’s easy to be sick to your stomach with large closing cost sums. You may not be able to afford them right away, and that can push your dream home further out. We want to show you what closing costs are and the averages you could realistically have.
Closing costs may not be your first consideration when thinking about purchasing a home. But when it significantly decreases your monthly payments, it can save thousands on the loan total. The basic idea behind is you pay for “points” that reduce your interest rate from the get-go. Buying mortgage points drops the monthly payment and puts more money back into your account. However, you may be confused without seeing examples or understanding exactly how it saves you money. Whether you’re already working with a lender or you’re researching before you jump in, we want to explain what mortgage points are and how they work.
Everyone seems to be buying a home right now as the real estate market booms across the country. But what you’ll discover once you jump in is how complicated the home-buying process actually is. Without an experienced lender keeping in close contact, you can feel lost getting pre-approved for a mortgage all the way to closing. One of the last steps in purchasing your dream home is the professional appraisal, which all lenders require. It ensures your home is worth the value the seller claims and protects you from a poor residential investment. But what is the specific timeline for home appraisals and when in the home-buying process do they occur? Our team would be glad to walk you through these questions and more.
Work-life balance may prevent you from taking vacations with your family, especially if you’re a high-performer at your career. It is burdensome to watch your kids grow up and not enjoy quality time with them like you know you should. This can be a telling sign to purchase your first vacation property. When you own your own vacation home, enjoying the beach, hiking, and other relaxing activities is simply. You throw out the hassle of finding available reservations by driving to a comfortable home you already own. To qualify for a decent vacation property mortgage rate, there are several requirements to meet. Your never-ending vacation is waiting for you. Here’s what you need to know about vacation home mortgage requirements to take the plunge.
Ready when you are
To obtain lower monthly payments and interest rates, you need a relatable advisor who can walk you through the process. Our team of experienced home loan specialists listens to your unique goals and starts your journey to achieving them — we not only educate you on your best options but genuinely care about your family winning your dream home.
