Real Estate and Insurance Services
One of the most popular home loan options is the 30-year fixed-rate mortgage. As part of the home loan process, your lender will send you a Closing Disclosure, which shows you many useful information, including the total amount of interest you will be paying over the life of the loan. For example, let’s say you … Read more
Buying a home will give you a place of your own, and it will also help you to build wealth as your equity in your home grows. If you are planning on buying a home, you need to learn how to prepare for a home purchase so that your finances will be in order when … Read more
When you make an offer to purchase a house, you may run into other buyers competing for the same property. In these multiple offers situation, you cannot negotiate too aggressively and have to make your offer stands out from other offers. Here are some of the main levers that you can adjust to make your … Read more
A VA loan is a mortgage that is backed by the U.S. Department of Veterans Affairs and issued by private lenders. The key benefits of the VA loan are (1) the ability to purchase with as little as 0% down, (2) better buyer protection through a more rigorous appraisal inspection process, and (3) its relatively … Read more
You are thinking about buying a home. There are several things you need to do to get ready for your purchase. One of these things is to figure out what loan to use and who can offer you the best mortgage rate. But you need to understand that the rate is just one component of … Read more
Preparation How to prepare for a home purchase? There are three main financial objectives you need to accomplish to prepare for a home purchase: Save money for the down payment, closing costs, and other home-buying expenses. Maintain and improve your credit score. Reduce your debt-to-income ratio. These are the primary criteria that your lender will … Read more
As a Realtor, I have dissuaded potential homebuyers from buying more than once. Yes, it is not good for my pocketbook, but it is the right thing to do. If you’re in the position to buy a house, buying may not be the right thing for you (see why below). For the most part, I … Read more
One of the common questions I get from working with my Buyers is a variation of “Is home warranty the same as home insurance?” The short answer is no. They are two completely different products that protect the homeowner-to-be against different risks. Home Insurance Home insurance, or homeowner’s insurance, is an insurance product that you … Read more
One of the key factors that your lender will be evaluating when you apply for a home loan is your creditworthiness. To get ready for home purchase, you should check your credit scores and reports (there are three different credit bureaus). In this article, I will show you how to check your reports and scores … Read more
There are several major types of home loans. A good loan officer will be able to help you explore all the options. Here are some of the more common options that I see regularly in my work. Loan Type Down Payment Important Information VA 0% For military and eligible borrowers only. There is a Funding … Read more