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You don’t need a 20% down payment to buy a home

You don't need a 20% down payment The “20% Downpayment Myth” has stopped many would-be home buyers from owning a home. It’s a left-over idea from generations ago. So-called financial experts, parents, college professors, and even real estate professionals pitched 20% down as a wise move. But is it? Making a large down payment on [...]

By | 2017-12-20T18:34:20+00:00 December 20th, 2017|Uncategorized|0 Comments

Black Friday for Real Estate

Thanksgiving is a time to eat til you hate yourself, to be thankful for everything you have, and to be with family. Until the day after, when the shopping madness begins. Black Friday is the biggest shopping day of the year. Named Black Friday when businesses would run at a financial loss (in the red) [...]

By | 2017-11-21T19:09:10+00:00 November 21st, 2017|Uncategorized|0 Comments

9 Things Sellers Should Watch Out for During Escrow

When selling real estate, such as a home or condo, you'll have to go through escrow — a process in which a third party holds your property and the buyer's funds until both you and buyer meet your contractual obligations. While waiting for your home to close can feel like forever (average escrow time ranges [...]

By | 2017-11-21T18:46:35+00:00 November 21st, 2017|Uncategorized|0 Comments

9 ways to keep your mortgage payments low

Mortgage payment: Your biggest expense You can clip coupons to reduce grocery bill. You can bring a bag lunch to work. And you can skip your daily latte to tweak your budget. But the biggest bite out of your paycheck is probably your mortgage payment. Whether you are about to buy your first home, or [...]

By | 2017-10-26T20:23:47+00:00 October 26th, 2017|Uncategorized|0 Comments

Financial Planning is Crucial for Home Buying

Whether you’re thinking of buying a home or not, financial planning and saving are always important. Before you begin looking for your dream home, you should have already begun planning financially. Lenders approve loans to buyers based on their credit, income, assets, job history, and debt-to-income ratio. Debt-to-income ratios are comprised of your monthly debts, [...]

By | 2017-10-19T19:40:26+00:00 October 19th, 2017|Financial|0 Comments

Simple Mortgage Definitions: Mortgage Escrow And PITI

What Is A Mortgage Escrow Mortgage escrow is when a mortgaged homeowner sends 1/12 of its annual real estate tax bill and hazard insurance premium to its mortgage lender each month along with the regularly scheduled mortgage payment. The lender collects mortgage escrow payments monthly, then distributes them to the homeowner's county assessor and insurance company semi-annually, [...]

By | 2017-10-19T19:06:14+00:00 October 19th, 2017|Uncategorized|0 Comments

5 steps to take before making an offer

Buying a home is different than making other purchases. You can shop and buy most products the same day, even big-ticket items like cars. Not so with a house. The process is longer, and there are steps every buyer should take before looking in earnest.Home buyers who do the upfront work are rewarded with a better [...]

By | 2017-10-19T18:07:37+00:00 October 19th, 2017|Uncategorized|0 Comments

Escrow: All You Need to Know

It’s one of the nitty-gritty details you’ll stumble upon when buying a home: the escrow account. And you probably won’t encounter one again anytime soon, at least until you buy your next house. An escrow account is money held by a third party until all legally required conditions have been met. That trusted third party [...]

By | 2017-10-12T18:11:43+00:00 October 12th, 2017|Uncategorized|0 Comments

Why It’s Finally Easier to Get a New Mortgage

After the housing crisis, mortgage lending standards became unreasonably tight for many. In 2014, only 51% of refi applications went through, according to mortgage-software company Ellie Mae, and one that didn't gained notoriety: That year Ben Bernanke said he was turned down when he tried to refinance the mortgage on his Washington, D.C., home shortly [...]

By | 2017-10-12T17:55:54+00:00 October 12th, 2017|Uncategorized|0 Comments

Don’t let student loans keep you from buying a home

Student loans: a reality check It can be hard to think about buying a home when you’re still paying off student loans. The idea of taking on more debt can be daunting, especially if you are far from the student debt payoff finish line. Research: student loans exceed annual income Data show that most millennials are [...]

By | 2017-10-12T17:49:58+00:00 October 12th, 2017|Uncategorized|0 Comments