Potential homebuyers today have many options available to them in the way of mortgage loan programs. One loan program that offers many benefits to potential homebuyers is the USDA Mortgage. Here is some information on the USDA mortgage, including what it is, who it’s for and steps to take if interested. What is a USDA […]
Continue reading...What Are Seller Concessions When Buying a Home?
Buying a home is probably one of the largest transactions you’ll make in your lifetime. In most cases, you’ll not only be paying for the home but will also be paying interest and many additional closing costs. Because of this, you’re going to want to save as much money as possible in the transaction. Seller […]
Continue reading...My New Home Story
Caution! 5 Reasons a Mortgage is Denied After Pre-Approval
You’re in the process of buying a home. Everything looked great, but then your mortgage loan was denied even though you were pre-approved. Is this possible, and how can this happen, are probably questions you’re asking. The sorry truth is that it is possible to be pe-approved for a mortgage loan and still be denied later. Here are 5 reasons why this could happen.
Continue reading...The Difference Between Pre-Qualification and Pre-Approval
Being pre-qualified and/or pre-approved for a mortgage loan can be quite helpful. While these two terms are often used interchangeably, they are two different things. Here is the difference between being pre-qualified and pre-approved.
Continue reading...What Documentation is Required to Get a Mortgage?
When in the process of seeking a mortgage, there are several pieces of documentation needed. The complete list of requirements is slightly different from one person to the next, but there are some universal pieces of documentation that are mandatory for all mortgage applicants. Let’s look at those that are consistently required.
Continue reading...How to Obtain the Lowest Mortgage Interest Rate
Ever wondered just how to obtain the lowest mortgage interest rate? We want the lowest mortgage interest rate because it can literally save us tens of thousands of dollars in interest over the life of a home loan.
Continue reading...How a Renovation Loan for Home Improvement Works
If you want to make the move to a new home, you will first have to sell your existing property. You will naturally want to get as high an amount as possible from the sale of your home. One of the best ways to add a significant amount to the resale value of your home is to take out a renovation loan.
Continue reading...2018 Increase in AZ Mortgage Loan Limits
2018 mortgage loan limits have increased for Arizona homebuyers. FHA, Conventional and VA Loan limits have all increased, expanding the housing market and making it easier to finance more.
Continue reading...Why You Need a Loan Specialist
Purchasing a home is a huge transaction and not one you want to enter into lightly. The excitement can quickly fall to the wayside if you’re unfamiliar with the process and find yourself in over your head. Using a loan specialist can make all the difference. Here’s why…
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