Homes for Heroes

December 2, 2016 by · Leave a Comment

  Discounts for Qualifying Heroes: Firefighters, Law Enforcement, Military (Active, Reserve & Veterans), Healthcare Professionals, EMS, Teachers Our way of saying “Thank You” for your service!

First-Time Home Buyer Credit Checklist

March 7, 2014 by · Leave a Comment

Getting a new mortgage for a First-Time Home Buyer can be a little overwhelming with all of the important details, guidelines and potential speed bumps. Since there are so many rules and steps to follow, here is a simple list of Do’s and Don’ts to keep in mind throughout the mortgage approval process: DO: Continue […]

Making Sure Your Cash-To-Close Comes From The Proper Source

March 7, 2014 by · Leave a Comment

Providing proper asset documentation and the actual source of the funds is a critical element of the loan closing process. There’s nothing worse in a real estate purchase than making it all the way through the hoops and hurdles just to have a loan denied after the final documents have been signed due to the […]

Seven Things Your Agent Should Know About Your Mortgage Approval

April 1, 2010 by · Leave a Comment

While many experienced real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied. New regulation, updated disclosures, appraisal guidelines, mortgage rate pricing premiums, credit score, secondary approval layering, rescission deadlines, property type, HOA […]

Do I Need To Sell My Home Before I Can Qualify For A New Mortgage On Another Property?

April 1, 2010 by · Leave a Comment

Although every situation is unique, it is not uncommon for homebuyers to qualify for a mortgage on a new home while still living in their primary residence. Perhaps you are outgrowing your current house, or have been forced to relocate due to a job transfer?  Regardless of the motivation for keeping one property while purchasing […]

What Do Appraisers Look For When Determining A Property’s Value?

March 29, 2010 by · Leave a Comment

Most people are surprised to learn what appraisers actually look at when determining the value of a real estate property. A common misconception homeowners generally have is that the value of their home is determined after the appraiser has completed their physical property inspection. However, the appraiser actually already has a good idea of the […]

Where Does My Earnest Money Go?

March 28, 2010 by · Leave a Comment

Hey, I gave my real estate agent a $5000 Earnest Money Deposit check… Where does that money go? A basic and very obvious question that most First-Time home Buyers ask once their purchase contract gets accepted. According to Wikipedia: Earnest Money – an earnest payment (sometimes called earnest money or simply earnest, or alternatively a […]

Renting vs Buying A Home

March 28, 2010 by · Leave a Comment

Buying a home versus renting is a big decision that takes careful consideration. While there are several biased sources that can make arguments for or against owning a home, we’ve found that most home buyers base their ultimate decision on emotion. Yes, there are some tax advantages of owning real estate, as well as the […]

What Does Title Insurance Protect Me From?

March 28, 2010 by · Leave a Comment

By including title insurance when purchasing property, your title insurer takes on accountability for legal expenses to defend your property title, should it ever be challenged. Many different occurrences can come into play to warrant the need for title insurance. The title company responsible will then take on the legal expenses to defend the property […]

Understanding the FHA Mortgage Insurance Premium (MIP)

March 28, 2010 by · Leave a Comment

* Disclaimer – all information in this article is accurate as of the date this article was written * The FHA Mortgage Insurance Premium is an important part of every FHA loan. There are actually two types of Mortgage Insurance Premiums associated with FHA loans: 1.  Up Front Mortgage Insurance Premium (UFMIP) – financed into […]

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