How NOT to Buy a Foreclosure Buying a foreclosure can be a great way for the inexperienced to lose a lot of money. Stacy Johnson explains! Need more information on foreclosures and how NOT to get burned? Contact us, we’ll answer any questions you may have.
Money Saving Ideas for Potential Homeowners
Money Saving Ideas for Potential Homeowners Before taking out a mortgage on a home, potential home buyers will want to carefully inspect their financial situation. Home buyers should be certain their current income and expenses can support a mortgage payment. There are several ways home buyers can maximize the income they have and make certain […]
How to Buy a Foreclosure
How to Buy a Foreclosure Investors and some home buyers are finding what they consider the bargains of a lifetime, but you have to know what you’re doing, or you could lose your shirt! Stacy Johnson explains… Have a questions about buying foreclosures? Use the comment link below and we’ll get you answers.
Home Buying Mistakes to Avoid
Home Buying Mistakes to Avoid If you are in the market to buy a home, getting pre-approved for a mortgage is one of the first steps to buying a home. However, a pre-approval doesn’t guarantee that you will ultimately get the financing if you have any change in your circumstances between the pre-approval application date […]
New Credit Screening Possible June 1st
New Credit Screening Possible June 1st If you’re buying a home and applying for a home mortgage, here’s some important news: Beginning June 1, your lender is likely to order a second full credit screening immediately before closing. The last-minute credit report will be designed to find out whether you have obtained — or even […]
Tax-Credit Closing Deadlines Tough to Meet
Tax-Credit Closing Deadlines Tough to Meet For thousands of home buyers who scrambled to meet the April 30th federal tax-credit deadline for completed contracts, a new challenge is looming: Can they nail down their mortgage financing and get to closing before the program terminates? As a result of toughened underwriting standards, confusing new federal disclosure […]
Pending Home Sales Increase in March
Pending Home Sales Increase in March The spring homebuying season may be gaining momentum, according to the latest data from the National Association of Realtors. The number of contracts signed, which is measured by the company’s Pending Home Sales Index, reached 102.9 in March. This is a 5.3 percent increase over the previous month’s 97.7, […]
4 Ways to Save on Closing Costs
4 Ways to Save on Closing Costs Closing costs for a home average 3% of the purchase price — and go as high as 6% in higher-tax areas. Plus, for most loans you must still come up with a down payment of at least 5%. But you can use the following strategies to reduce the […]
Lay Your Financial Base Before Buying a Home
Lay Your Financial Base Before Buying a Home Buying a home is a major investment and you must be well-prepared, as many Americans have learned the hard way. This means laying the proper foundation, then buying a house you can comfortably afford. You lay the foundation by creating a solid risk management program. It should […]
How to Buy a Home With Bad Credit
How to Buy a Home With Bad Credit More people than not have bad credit these days. But that doesn’t mean you can’t buy a home. If you fall into the “bad credit” category, you do have options. It’s vital that you actually look around to see what sort of credit loan options you can […]