Home Buyer’s Guide to Getting Mortgage Ready Don’t wait until you’re ready to move to start preparing financially to buy a home.If you’re like the vast majority of home buyers, you will choose to finance your purchase with a mortgage loan. By preparing in advance, you can avoid the common delays and roadblocks many buyers […]
Do NOT Apply for New Credit After You Have Submitted a Home Loan Application
One of the biggest mistakes home buyers make is they continue to apply for new credit when they are in the middle of a home purchase. One of regulations enacted in recent years is a lender must document a home buyer’s ability to insure responsible lending. So for lenders to comply with that requirement up […]
What is Your Buying Power
What’s Your Home Buying Power? If you’re in the market for a new home or investment property, one of the first questions you’ll probably ask is, “What can we afford?” Many buyers become so caught up in how much they can afford that they don’t realize their total buying power—that is, the total amount of […]