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When purchasing a home, the amount you’re able to have available for your initial down payment will be a huge factor in determining what your monthly mortgage payment will be. Check out a few creative ways to start saving for the down payment on Your Next Dream Home! Reduce current expenses – even just temporarily. […]

CONGRATS… You’ve finally found the perfect home! NOW… It’s time to get rocking n’ rolling on obtaining your homeowner’s insurance. If you’re also obtaining a home loan, your lender will require that insurance is “bound” before getting to the closing table. Homeowner’s insurance protects your home and your property in case of disaster and protects […]

DON’T apply for new credit or any deferred payment plans. This is a popular option when purchasing furniture. Even if the payments won’t start until 6 months or more down the road, these future payments will show in your credit report as debt and can affect your debt-to-income ratio and your credit score. DON’T co-sign […]

DO … Understand that things have changed! Underwriters require more documentation than in the past. Even if requests seem silly, intrusive or unnecessary, please remember that if they didn’t need it, they wouldn’t ask for it. DO … Keep all your financial records in good order and readily available in case updates are required by […]

Based on a recent article in The Wall Street Journal, reportedly over $33 billion worth of unconventional mortgages were written by lenders in the first three quarters of 2018. This is up over 23% for the same timeframe in 2017. Because these unconventional loans don’t qualify for Fannie Mae or Freddie Mac underwriting, lenders will […]

Mr. and Mrs. Buyer had searched the MLS by visiting our IDX website. They found a 4/2.5/3 CBS SFH with the SF they had hoped for and it included LR, FDR and a FR complete with HWF and FP. Relocating from a cold climate, the buyers were thrilled about the FP! Better yet, the heated […]