Buying a new house can be a source of great anxiety about all kinds of things, and especially about the legal implications of the contract, as well as the rights and options you have as a buyer. Not many home owners can afford a whole legal team to have their backs and sort … [Read more...]
Want to Purchase a Home? All You Need to Know about Title Insurance (for First-Time Home Buyers)
Many first time home buyers tend to be very hopeful and enthusiastic when they can finally afford to purchase a home and start looking for one. And by all means, they have every reason to be, especially given how unpredictable and troubled today’s economy is; but this … [Read more...]
Investment Time: Single-Family versus Multi-Family Housing Units
The decision to invest in property for rentals is a big one in itself and, more often than not, it comes along with yet another major question: should you invest in a single-family unit or a multiple-family housing unit? There are pros and cons for each scenario and … [Read more...]
To Lock or Not to Lock?
One thing all home-buyers have in common is the desire to get the lowest possible interest rate on their mortgage, which is why many mortgage shoppers call dozens of lending institutions asking, "what is your rate?" The fundamental problem with this approach is that the … [Read more...]
Will Going to College Stop You From Getting a Home?
It is an indisputable fact that prices are constantly rising. Whether it be the price of gas, buying a home, having a baby, or getting an education, everything is constantly getting more and more expensive. Though we all feel the strain of constantly rising price tag, a … [Read more...]
Shopping for a Mortgage Rate
We all want to find the lowest rate while shopping for a mortgage but the problem is, very often we look for the lowest quoted number not understanding the futility of this approach. This is a simplified example of what we’re discussing but lets see what you think of the … [Read more...]
A Roadmap for the First Time Home Buyer
This article is meant to give a first time buyer information on very specific steps on how to initiate the process of purchasing a home. There are a few people you will need in order to successfully purchase a home. They will help guide you on your journey towards home … [Read more...]
First Time Home Buyer Credit Score Information
While many prospective homebuyers would like to believe that they know all there is about their credit score, more than 15 years in the mortgage business has shown me otherwise. On the contrary, MOST knowledge the common buyer has regarding how to properly raise their credit … [Read more...]
Broker or Banker?
For those who don’t know, Motley Fool is an extremely authoritative website that covers all sorts of financial topics; overall it’s a great website with a lot of credible information and reliable sources. Recently, however, two articles appeared that were written by a new … [Read more...]
5 Things Homeowners Forget to Ask
I want to add my "2 cents" to the article that appeared in Yahoo Finance in December of 2013, which can be found by clicking here. 1. APR (Annual Percentage Rate) My first thought is that if you start comparing lenders by using APR you will be very frustrated and … [Read more...]