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.
Showing 13–24 of 48 posts
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.
It’s normal to have questions about the mortgage process when you and your partner are ready to buy a home. Even if you’ve purchased or refinanced a property before, you may still need a refresher. A personalized home lender will walk you through the mortgage process after you start working with them. Their job is to serve your family by ensuring you understand all loan options and choose one that matches your finances. Taking care of credit score, loan rate, and paperwork difficulties, they are available for any questions you have. We want to walk you through the 7 simple mortgage steps for moving into your family’s dream home. You can walk into a loan office with confidence knowing the journey ahead with an experienced home lender.
Are you a homeowner approaching or over 62 and looking for a way to borrow cash for living expenses or home improvements? You can accomplish this without selling your current home. And a reverse mortgage loan may be the answer you’ve been looking for.
Amortization calculators are a great place to start if you’re trying to estimate your monthly payments and see what your options are. You may be considering a home and are on a budget, wondering how much mortgage you can afford. Or you are purchasing a vacation home for your family while keeping a close eye on interest rates. This tool will help you visualize what your payments will be over the loan’s term, depending on the home loan you choose.
It’s easy to get wrapped up in the excitement of buying a home, especially if it’s the home you’ve envisioned for your family to settle down in. The thought of your kids coming back to a home they’re proud home when they’re all grown up can make you feel and your partner feel good. But it is crucial to be realistic about how much mortgage you can afford. The last thing you want to do is overextend yourself and default on a loan you never were ready to pay. Being “house poor” is not only stressful on your kids, but it can also lead to you losing your new home, starting over again at square one. We believe understanding your finances and home loan options will help you set expectations that your spouse and kids trust.
You may relate to comparing mortgage rates more aggressively than the home your kids will grow up in. Our team believes your home financing adventure does not have to be difficult, and your family can enjoy your new home for a lifetime. We can walk you through current mortgage and refinance rates so you can see how the market is doing before you buy. Rates move with the news, and nobody can time them perfectly. Our team also wants to educate you on how mortgage rates work and how to get the best one for you, so you can be confident in your loan decision.
Rent reporting can improve your credit score. As a renter, you might have been making regular payments for years. These unfortunately won’t usually show up on your credit report unless you set it up.
While your goal right now is likely to hold on to as much money as you can, there are some advantages to paying a loan discount fee. Knowing how and why this can be beneficial will help you decide if it is worth it for your long-term financial goals.
Assumable loans offer benefits for both buyers and sellers. Learn more about this type of loan to help you decide if you want to take advantage of buying a home with an assumable mortgage.
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.
