Month: January 2019

Money

5 Money Mistakes That Could Cost You a Mortgage

According to realtor.com, these five money mistakes could lead to your mortgage being derailed.   1. Moving money around If you have cash in the bank, do not move it anywhere while you wait to close. Buying stock, for example, will lower your net value and reduce the cash you can bring to closing. 2. Taking a leave of absence

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6 Things First-Time Home Buyers Should Know

Purchasing a home for the First-time is a major commitment. That’s why you should work with a fiduciary financial planner to help make sure you can buy a house that you can afford without sacrificing your financial future. Then, a Realtor can help you track down the right house, while a lender will help you find great mortgage options. Here,

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What do you Need to Qualify for a Mortgage?

If you’re ready to take the leap and become a home owner, that usually means you’ll have to get a mortgage. Unfortunately, not everyone who wants to buy a home can qualify for a mortgage because lenders try to make certain you’ll pay back your debt before they allow you to borrow. Depending on the lender and the type of

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Do You Need a Mortgage Pre-Approval Letter to Make an Offer on a Home?

You know you need to be organized before looking at homes, but does that include securing a pre-approval letter from the bank? Truth is, getting pre-approved can improve your chances of falling into the sellers’ good graces, so you want to get it done as soon as possible in the home-buying process. Here, realtor.com discusses what a pre-approval letter actually is and more. What is a

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7 Things House Hunters Should Do Before Steping Foot in a Home

If you’ve decided to purchase a home, visiting open houses is a crucial part of the process. However, launching straight into the search without preparing properly could land you in trouble—both financially and emotionally. Here, realtor.com explains how to lay the proper groundwork to guarantee good decisions—and a home you’ll adore. 1. Make sure your credit is in order A

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Mortgage Myths, Debunked_coins

6 Common Mortgage Myths, Debunked

If you’ve never attempted to get a mortgage before, be warned: It can be a mystifying process. Toward that end, Forbes debunks six of the most common mortgage myths to help you go into the mortgage process feeling informed. Getting pre-qualified is the same as getting pre-approved Although these two terms may sound the same, there is a world of

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