How to Get a First Time Buyer Home Loan in Texas
If you’re a first-time home buyer in Texas, you’re probably already overwhelmed just thinking about the whole process. There are so many steps you’ll have to do that it may feel like you’ll never get the keys to your dream home. We hope the advice in this article can help you better understand this aspect of the home buying process.
Choose the Right Mortgage for a Home Renovation
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, […]
How To Get a Mortgage if You’re Self-Employed
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 […]
Pre-Qualification vs Pre-Approval
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 […]
The Benefits of Paying Extra on Your Mortgage
If you’re like most people, a mortgage is the biggest loan you’ll ever take out, and your mortgage payment is your highest monthly expense. So it can be a great idea to take your extra money and apply it toward paying your mortgage down faster–you’ll cut years off your loan term, save tens of thousands of dollars […]
Introduction to Mortgage Types
If you’re a first-time homebuyer, the lending process can seem quite complicated. You may find yourself overwhelmed with new terminology, paperwork, state and federal regulations, and required documentation. A good place to begin your journey is with an understanding of the three basic kinds of mortgage loans.
4 Things You Should Be Doing Now to Buy a New Home Next Spring
The holiday season will be over before you know it, and it will be time yet again for New Year’s resolutions and house hunting season. If you’ve thought that next year is the year you want to buy a new home, here are a few things you should be doing right now: 1. Save If […]
How to Make Buying and Selling at the Same Time Work
Shopping for a new home? Already own a home that you want to sell? You might be wondering where to start. It feels like you have to time things perfectly, or you’ll either find yourself in a situation where you’re carrying two mortgages, or you’ll have nowhere to live. The truth is, it’s difficult to […]
Your Mortgage Pre-Approval and Pre-Qualification Timeline
If you’ve decided the time is right to buy a house or condo, you might be tempted to start searching for your dream home right away. It’s fun to click through sites filled with MLS listings looking through countless photo galleries and virtual tours of beautifully staged dwellings. However, before you fall in love, you […]
New Bill Could Expand Availability to Those With FHA Mortgage Loans
President of the National Association of Realtors, Chris Polychron, testified on Capitol Hill last week to voice his support for the House of Representatives bill called the “Housing Opportunities Through Modernization Act of 2015.” This bill, if passed, will relax some of the Federal Housing Administration’s policies concerning condominiums. Specifically, the requirements for condominium developments […]
