Helpful Mortgage And Real Estate Advice

Home Buying Advice

How Are Pre-Qualifying And Pre-Approval Different?

By on November 12, 2013 in Home Buying Advice, Mortgage Videos

The phrases “pre-qualification” and “pre-approval” are often used interchangeably by people who are new to the home buying process, but these two ideas do represent very different processes. Understanding the difference between the two ensures a future homeowner’s best chance of getting the home of his or her dreams. Pre-Qualification is Informal Before shopping for […]

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What About A Home Located In A Flood Plain?

By on November 11, 2013 in Home Buying Advice, Mortgage Videos

You’ve been looking around for a dream home and finally decided on a selection. With a perfect view of a local stream, you are breathlessly awaiting your home loan’s approval. However, your perfect home purchase may have a problem with floods. Nearby streams, lakes and rivers can flood, making your home vulnerable to damage. If […]

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Do I Need To Be There For The Inspection?

By on November 11, 2013 in Home Buying Advice, Mortgage Videos

After hearing that your home inspection may take 2 to 4 hours, you may be inclined to just show up after the inspection is over. Although inspections take some time, depending on the home’s square footage, you are at a disadvantage if you do not attend the entire process. Going over the home from top […]

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What Does A Home Inspector Do, And How Does An Inspection Figure In The Purchase Of A Home?

By on November 11, 2013 in Home Buying Advice, Mortgage Videos

Getting a home inspection done is the last step buyers need to take before they make a written offer on their new home. The inspector checks to make sure the home is safe for the new owners to occupy. What is the Purpose of a Home Inspection? Prospective owners should not confuse what an inspector […]

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Is An Older Home A Better Value Than A New One?

By on November 11, 2013 in Home Buying Advice, Mortgage Videos

Discover the advantages and disadvantages of investing in a newer or older property. This includes taxes, maintenance and upkeep. Buying an Older Home vs A New Home One of the major choices you need to make when shopping for a property is new versus existing homes. A shiny new home that has never been lived […]

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What Should I Look for When Walking Through A Home?

By on November 11, 2013 in Home Buying Advice, Mortgage Videos

Buying a house is a process that should be taken slowly. There are many factors to consider besides the price. HUD offers a scorecard for potential homeowners that can help answer many questions during the process. First, make a list of items that are required. This can include items such as the number of rooms, […]

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What Questions Should I Ask When Looking At Homes?

By on November 11, 2013 in Home Buying Advice, Mortgage Videos

Buying a home is the largest purchase most people will ever undertake, and for the first-time home buyer there are a number of essential questions to ask the real estate agent and the owner. There are the obvious questions, like the asking price, as well as questions that aren’t so obvious, like the amount the […]

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What Should I Do If I’m Feeling Excluded From Neighborhoods Or Homes?

By on November 11, 2013 in Home Buying Advice, Mortgage Videos

Discrimination and the Housing Industry The act of discriminating against a certain person, family, or group of people carries severe consequences and penalties in the United States, and it’s illegal to prevent a person from moving into a residence because of demographic factors like race, income, or national origin. It might sound incredible that discrimination […]

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How Can I Find Out About Schools And Community Resources?

By on November 11, 2013 in Home Buying Advice, Mortgage Videos

Sometimes the best part about buying a home is learning a new neighborhood. Find out the best ways to learn about upcoming events and meetings. The best way to get accustomed to new surroundings is to immerse yourself in the happenings of the neighborhood. Instead of taking a back seat and waiting for people to […]

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What Should I Look For When Deciding On A Community?

By on November 11, 2013 in Home Buying Advice, Mortgage Videos

Most people leave their home daily and look forward to returning to the security and comfort of their household as the work or school day ends. A place that is a refuge and conveys comfortable feelings to its occupants is more important than the curb appeal of a real estate listing. A community should provide […]

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How Do I Know If I’m Ready To Buy A Home?

By on November 11, 2013 in Home Buying Advice

When buying a house, a buyer should understand what he or she wants out of the experience; furthermore, a shopper should understand if he or she can truly afford a mortgage. With this in mind, Here are four things one should ask themselves when they want to know if they are ready for a mortgage. […]

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What Is An Escrow Account? Do I Need One?

By on November 11, 2013 in Home Buying Advice, Mortgage Videos

An Escrow Account is a savings account that helps homeowners pay additional expenses such as property taxes and insurance. Learn how it can simplify expenses. An escrow account is also called an impound account. The escrow account will hold any money that has to be paid out for insurance and tax purposes, allowing you to […]

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How Large A Down Payment Do I Need?

By on November 11, 2013 in Home Buying Advice, Mortgage Videos

Hidden Costs To Consider Homeownership is the American dream, the cost up-front such as a down payment can put your dreams on hold. The average down payment for a home today is typically around 5-20% percent of the total cost of the loan. There are a few programs out there that require five percent or […]

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Do I Really Need Homeowner’s Insurance?

By on November 6, 2013 in Home Buying Advice, Mortgage Videos

Something that all types of insurance policies should be is beneficial to you, but most important of all they should protect you.  A homeowner’s insurance usually protects you from a handful of bad things that can possibly happen to your home, especially damages resulting from these events which comes with a price for needed repairs. […]

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