4 Reasons Why Your Mortgage Application Was Rejected

May 22, 2015

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It’s one thing to decide that you’re ready for homeownership, and another entirely when it comes to getting a loan. What the lender says is all that matters – it will make or break your chance at attaining the American Dream. There are many reasons why applicants may be turned down for a mortgage. Some [...]

How to Get a Mortgage Loan for a Fixer

April 17, 2015

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Here’s a clever real estate dictum for you: Don’t buy the best house in a bad neighborhood; buy the worst house in a good neighborhood. There are several reasons for this rule, but the main one has to do with property values, which are determined in large part by the surrounding homes. If you buy [...]

Top 3 Real Estate Deal Killers

March 20, 2015

in Home Buying Guide, Tips When Selling a Home | Tagged , , , , , ,

The way some people talk, it would take a miracle to make it from a signed purchase agreement to the closing table. But in reality, most real estate transactions go through with nary a hitch. Those that do hit snags, however, run the very real danger of completely falling apart. The problems are sometimes out [...]

The Good Faith Estimate, Defined

March 13, 2015

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One of the most confusing aspects of the process for first-time homebuyers is the mortgage. Common homebuyer questions include: Where to get one, how to get one, and what does all that jargon mean? Advice abounds, especially on the Internet. One common tip is that you should compare offers from lenders before settling on one [...]

The 6 (Not-So-Simple) Steps to Securing a Home Loan

February 27, 2015

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From the word “mortgage” to the methods used by lenders to determine how much to loan, the home loan process can be confusing to first timers. In fact, one third of the respondents to a 2011 Wall Street Journal survey of homebuyers said that the most difficult part of buying a home was understanding the [...]

Real Estate Jargon, Explained

November 11, 2014

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It pre-dates “textese” and pager codes, but even to individuals familiar with those modern informal languages, real estate lingo may still be incomprehensible. There are two types of real estate slang: the acronyms used in ads (of which there are over 6,000) and the daily jargon used by real estate industry professionals in their work. [...]

What You Must Know About Insurance When Buying a Home

October 17, 2014

in Home Buying Guide, Home Insurance | Tagged , , , ,

Purchasing a home involves getting to know a lot of financial terms and processes that most first-time homebuyers have never been exposed to. One of the most confusing is insurance. If you’ve never owned a home before, your familiarity with insurance most likely centers around auto insurance, health insurance, life insurance and, perhaps, renter’s insurance. [...]

Buy a Fixer With an FHA Loan

April 4, 2014

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Most real estate agents have tales of clients who just can’t seem to look beyond a home’s minor flaws, be they ratty floors or sagging screens. Then, there are those clients who can envision the possibilities of a house that’s seemingly being held up by a prayer. If you fall into the latter category but [...]

Good Credit but No Down Payment? There’s a Loan for That!

March 14, 2014

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So, Warren Buffet spends more on dinner than you make in a month, and you’ve never required the services of an investment banker, but you have good credit and you long to own your own home. What if we told you that there is a mortgage loan program out there for people just like you [...]

Confused About VA Loans? Find Out What Veterans Should Know

February 28, 2014

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Fans of late-night TV will recall the infomercials of a few years ago, hawking zero-down loans. Those loans, along with loans requiring no documentation, were being handed out like candy to anyone who applied, and were largely blamed for the mortgage industry implosion. In the wake of that mess, mortgage lenders tightened standards. Lenders began [...]