Here are 6 questions and answers about looking for your first home to buy. What should I do when I see a house online that I like? Call the agent you are working with to find your home. It’s best that you work with one real estate agent throughout your search because that person learns […]
Reverse Mortgage
What is a Reverse Mortgage? A financial agreement in which a homeowner relinquishes equity in their home in exchange for regular payments, typically to supplement retirement income. This type of loan is for seniors ages 62 and older. Should you get a reverse mortgage? While it can be a great way to supplement your retirement […]
Real Estate Professional
An individual who provides services in buying and selling homes. Real estate professionals are there to help you through the confusing paperwork, find your dream home, negotiate any of the details that come up, and so you know exactly what’s going on in the housing market. There are several types of real estate professionals including […]
Questions to Ask yourself Before Buying a Home
Buying a home is one of the most important purchases you’ll ever make. We’re here to help you understand the home-buying process so you know what to expect. Today, we’re talking about what you need to do before you even begin. What can I afford? Figuring out what you can afford will determine the course of your home-buying process. […]
Property Taxes
What are Property Taxes? A levy or tax imposed by a municipality on real estate and personal property. The amount of tax varies depending on the property value. Property taxes are an annual tax that local municipalities collect each year, based on the assessed value of your property (not on the appraised value of your home). […]
Pre-Qualified
What is getting Pre-Qualified? You contact a lender, provide a bit of financial information to them, and they tell you about how much you can afford to buy. That’s about it. It’s usually done over the phone, and your credit report is not needed at this point. WARNING! It’s NOT a promise of a loan. You are not guaranteed any […]
Pre-Approval Letter
What is a Pre-Approval Letter? It is a letter from a lender indicating you qualify for a mortgage of a specific amount. Getting Pre-Approved You’ll fill out a mortgage application, provide documents, and bank statements, get a copy of your credit report, etc. Getting pre-approved is what you need to do before starting a home […]