appraisal Getting preapproved for a mortgage: When, why & how   Getting preapproved for a mortgage is an essential part of the home-buying process. While it’s possible to wait before securing your financing, there are major benefits to getting preapproval early.   For more information about preapproval, here are the basics to consider:   When to get preapproval   It’s recommended that would-be homebuyers obtain […]
appraisal Mortgage basics: A brief 30-year mortgage guide   Most homebuyers, even those just starting their first-time homeowner journey, have learned a thing or two about 30-year mortgages. For example, some 30-year mortgages will let you pay the mortgage down earlier than 30-years, while others may fix a prepayment penalty to that plan to make up the loss in revenue from the interest […]
mortgage 4 Mistakes to avoid when listing your home   One essential part of the home selling process is how you advertise your property. Having quality photos can make or break the first perception potential homebuyers have of your property, so avoiding a few rookie mistakes can help you maintain the quality of your listing photos.   Not taking enough photos   In the […]
appraisal Prequalified vs preapproved: Understanding mortgage terminology   If you’re a first-time homebuyer, odds are you’ve encountered the words “prequalified” and “preapproved” interchangeably. However, when it comes to home loans, there are some critical differences between the two.   Mortgage prequalification   Getting prequalified helps borrowers find out what kind and what size mortgage they’re likely to be approved for. Prequalification will […]
buyer Pros & cons of umbrella insurance   Umbrella insurance, sometimes called personal liability insurance, offers coverage beyond the limits of your other policies. It can help cover the financial gaps and protect your savings and assets in the event you’re liable for damages.   Umbrella insurance is not required, but many choose to purchase a policy for greater peace of mind […]
Buying Major advantages to buying a new construction home Once you’re ready to buy a home, you probably have a pretty good idea of what you want. However, one major question is whether to opt for new construction or an existing home. While there are advantages to both choices, new construction homes offer some excellent perks worth considering. The latest technology & amenities One […]
buyer How to maintain focus as you prepare to purchase a home Staying focused on the homebuying journey is a must, especially for those living in areas with a fast-paced market. Using a few key tips can help you stay on course and accomplish your homebuying dreams. Craft a homebuying strategy Creating a homebuying strategy, you outline the steps you’ll most essential to the homebuying process. Plus, […]
buyer Is it time to submit a home purchase offer? After conducting an in-depth home search, you may find a property fitting your needs and homebuying goals. Ultimately, there are a few significant signs to note which can indicate a great time to put in an offer, and knowing what these signs are can put you ahead of the competition. You find a house matching […]
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buyer Is it time to make the change from renting to owning a home? For many, the homebuying journey often starts with getting pre-approved for a mortgage. Once approved, a buyer has a mortgage can enter the real estate market with a budget in hand. Identifying key signs can help you decide if it’s the right time to secure a mortgage loan. You’re ready to upgrade from an apartment […]
buyer 3 Ways to pay off your mortgage early   Paying off a mortgage early is a dream of many homeowners. However, economic factors can make it seem like an unattainable goal. With some careful planning and initiative, however, there are ways to pay off your home loan before your term limit.   1. Refinance your mortgage   If you’re considering making larger payments […]
buyer Saving for a new home purchase   Preparing to purchase a home? It’s time to get your finances in order. Saving for your home will prepare you for a down payment and other costs of homebuying, but also any unexpected expenses along the way. Here are a few tips for saving for your new home:   Budget   Creating a monthly […]
Buying A basic guide to real estate investing       While real estate investing can be a lucrative opportunity, if you don’t know what you’re facing, things can quickly get out of hand.   To help you get started, here are some ways you can get into real estate investing:   Real estate investment trusts (REITs)   Consider these like mutual funds, […]
buyer A basic guide to lowering your homeowners insurance cost Among the many expenses associated with homeownership, homeowners insurance is one of the most significant. Insurance rates and premiums vary depending on your location, provider and the type of home you have, but there are almost always ways you can save money. Here are some tips for lowering your insurance costs: Choose a higher deductible […]
appraisel What is an FHA loan & how does it work? If you’re a first-time homebuyer or simply searching for a mortgage loan to fit your financial standing, an FHA loan may be for you. With moderate requirements and longer loan terms, this mortgage type opens the door to homeownership for those who may be just beginning their financial journey. How does getting a FHA loan […]
buyer 3 Common reasons to refinance your mortgage   Homeowners refinance their mortgages for an assortment of reasons. Some reasons center around strictly wanting to pay off their homes faster and at better interest rates, while others may fall along practical life events or emergencies. If you find yourself asking, “should I refinance my mortgage,” try checking off a few boxes to help […]
buyer How to stay focused on home selling As a home seller, it can be tough to balance both short- and long-term goals. However, taking key steps can help you pinpoint areas needing the most attention to help you streamline the process. Establish a home selling timeline A home selling timeline can help take the guesswork out of your home selling journey. Making […]
buyer 3 Things homeowners wish they had done differently before buying a home Deciding to purchase your first home is a huge step, as it’s often a long term financial commitment. Studies have found, as much as 70 percent of homeowners have at least 1 regret regarding their property. Understanding common homebuyer regrets can help guide you during the homebuying process towards a home you can be truly happy […]
buyer Adjustable rate mortgages: pros & cons If you’re shopping for a mortgage, you’ll need to choose between a fixed-rate mortgage (FRM) and an adjustable-rate mortgage. An adjustable rate mortgage (ARM) might seem like the best option because of low introductory rates and flexibility. However, there are some disadvantages to ARMs to consider carefully. Here are some of the main pros and […]
buyer 4 Tips to get the best deal on your first home purchase   As a first-time homebuyer, you may find yourself asking, “what can I do to get a great deal on my first home?” Purchasing a home is a financial decision that can potentially affect your finances for years to a whole lifetime.   To make sure you get an affordable home matching your homebuying goals, […]
buyer How to prepare for day of closing   At the end of a long homebuying process, you’ll finally reach your goal: the day of closing. However, even though you’re at the finish line, closing on a new home is a process itself.   There are many steps to finalize your home purchase and just as many opportunities for delay. To make sure […]