Learn More About The Latest Mortgage Trends
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Second Home Purchase: Budgeting and Tax Tips
In part one of this two-part blog series, we went over some basics on why some homeowners with enough financial flexibility choose to purchase a second home. A second home may have several purposes, from a vacation home to one you utilize for your eventual retirement, and knowing all the pertinent details involved in the process is important here.
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Second Home Purchase: Common Reasons and Benefits
There are a wide range of different buyer needs or desires that might be present as you enter the home market, including buyers looking to purchase a second home. Whether you're doing this for investment reasons, personal reasons or some combination therein, a second home offers a variety of potential benefits depending on your situation.
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Home Tour Variables: HVAC, Remodeling, Child Themes
In part one of this two-part blog series, we went over some basics on the home tour process for those who are in the market. Often considered one of the most exciting parts of buying a home, tours are also very important for several parts of the process – and need to be taken with a few basic concepts in mind to ensure you get the most out of them.
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Home Tour Variables: Affordability, Appliances, Location
For some homebuyers, the part of the process they look forward to the most is the actual home search and tour setting. Many buyers will tour a number of homes looking for ideal options to make an offer on, and while this is often one of the most exciting parts of the process, it’s also one that you, as a buyer, should be prepared for ahead of time.
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Understanding Escalation Clauses for Home Offers
When prospective buyers are in a “seller’s market” that’s seeing numerous offers placed on quality homes in just a few days, such as the current state of the 2021 market in many areas, there’s always a desire to make offers that stand out. There are several themes you might consider down these lines, and one of these that’s sometimes used in this scenario is known as an escalation clause.
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How to Improve Credit Score for a Mortgage, Part 2
In part one of this two-part blog series, we went over some of the basics of understanding and improving your credit score ahead of applying for a mortgage. Credit score is a vital piece of any mortgage application, giving lenders a broad idea of your credit history and ability to pay back loans, and those with low scores often look to increase them before applying.
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How to Improve Credit Score for a Mortgage, Part 1
When it comes to home loans and securing your mortgage, there are few factors more important than credit score. A basic measure of your credit history and creditworthiness based on several factors that track back multiple years, credit score is one of the first and most valuable numbers lenders look at when considering the kinds of loan programs you qualify for and the sorts of rates or down payment assistance programs you may be eligible for.
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Rundown of Common Mortgage Closing Costs
Mortgages are significant financial commitments for anyone taking one out, and it’s vital to understand all facets of the funds you’ll be spending during this process. In particular, first-time homebuyers are often unaware of an area known as closing costs, which are paid near the end of the mortgage acquisition period and cover several important areas.
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