The Federal Housing Finance Agency eliminated something called the “Adverse Market Refinance Fee,” a huge incentive for homeowners looking to refinance their mortgage. The refinancing fee was rolled out in December as a way to pay for some of the COVID mortgage relief. How it worked was, the agency calculated the fee by taking 0.5% of a […]
An ounce of prevention is worth a pound of cure!
Get you and your home into the spirit!
A new house means new house plants!
Foreclosure isn’t a topic we’re fond of discussing. But the reality is that no matter how many precautions you’ve taken as far as savings and structuring loans, even the faintest idea of it can have homebuyers feeling a little shaky about investing in a home. It’s understandable! It’s a big step that consist of a […]
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Move-in ready or needing renovation? Small renovations or down to the studs redo? These are big questions when you’re house shopping and need a mortgage for a home renovation. Most people are familiar with the general mortgage process: Find a house, apply for a loan, put some money down, get an appraisal, go through closing, […]
Being self-employed comes with several benefits, such as setting your own hours and working in your PJs. There is one potential drawback, however. It can be more difficult for you to obtain a home loan than it is for people on salary. Take heart, though; while the process is more complicated and involves stricter requirements, it […]
There’s a lot that goes into pricing a home to sell quickly and successfully, but the most important factor is choosing the right listing price. Too high, and the house can languish on the market, becoming stale and often forcing a price reduction. Too low, and you miss out on some significant profit. Your real estate agent […]
It’s important to understand the difference between a mortgage pre-qualification and a mortgage pre-approval. Many homebuyers think of these as interchangeable terms that mean the same thing. But they’re actually quite different, and could ultimately play a role in whether the seller accepts your offer. You’ll want to obtain both pre-qualification and pre-approval before you begin […]