There are many common mistakes first-time home buyers make. Some are minor, while others can end up being costly. Fortunately, you can avoid several of these mistakes. Please read and share this article with other first-time home buyers to help them spot these common errors and avoid making these mistakes.  Mistake #1: Looking For A Home...

A solid credit score is necessary to get approved for a home loan. That’s why we recommend against opening any new lines of credit or making large purchases on credit when applying for a home loan, these actions lower your score, resulting in getting denied a mortgage.  But what about after? Does buying a house...

New FHA loan limits were recently announced, which is good news for home buyers and those looking to refinance their current loans. If you’re new to loan limits and not sure why this is exciting news, here is a quick primer: When you apply for an FHA loan, there’s a limit on how much you...

While the housing market remains vibrant for buying and selling, the supply continues to be an issue in these past years. Low supply happens when there’s an abundance of buyers but not enough houses for all of them. Many call it a “seller’s market,” which often results in a bidding war as multiple buyers compete for...

Renovations make your home more enjoyable. Plus, if you do them right, they may even increase your home’s value. This comes in handy if you plan on selling your home in the future. But watch out! While some remodeling projects add value to your home, others do little to increase it and may even make...

You don’t need to put a minimum of 20% down on a new home. That’s the upside. The downside is that you’ll need to pay mortgage insurance if your down payment is less than 20%. Read this post to learn the factors that determine if and when you can remove your mortgage insurance. What Determines...

A home inspection alerts you to any immediate repair concerns plus gives you an idea of what it may cost to maintain the home in good condition. Let’s take a closer look at the home inspection process so you know what to expect, and what the inspection does and does not include. What to Expect...

A condo refi is similar to refinancing any other home. The lender will look at your income, assets, and credit to ascertain your qualification. Plus, the condo will also be appraised to determine the property value. However, since there are more variables when refinancing a condo, such as shared amenities, lenders usually conduct a condo...

Curious about buying a foreclosed home? Here’s what you need to know to get started. What’s A Foreclosure? When a homeowner can’t keep up with their mortgage payments, they often have no other choice but to give up the property to the lender. These properties are called “foreclosures.” Since the lender is eager to sell...

An escrow account is for making payments toward your real estate fees like taxes and insurance. It helps make these fees more manageable through monthly installments rather than paying a large lump sum when these bills are due. There’s typically a minimum balance that must be maintained to ensure that you have enough money to...