What Does Escrow Mean? What You Need to Know About Escrow to Buy a House
Deciding to buy a house is easy. Saving up for and selecting the right house is a rewarding challenge. Wading through the actual buying process, however, is something most first-time home buyers are not prepared for. By necessity, buying a house is a multi-step legal and financial process. There are assurances and securities on both […]
I am ready to buy a home, please advise me what the first steps are?
Due to the COVID-19 pandemic, many tenants around the country have been holed up at home for quite some time. After working from your rental for so long, you might be contemplating buying a place of your own. If you’re unsure if the time is right, here’s some guidance that will help you make your […]
10 Common mistakes First Time Home Buyers Make
The real estate market is a complex and finely balanced machine. To transition the ownership of a house along with the financial maneuvers necessary to do this safely requires a careful path. Buyers rely on their real estate agents and loan officers for guidance, but the more you understand of the process, the smarter choices […]
Pre-Approval vs Pre-Qualified – What You Need to know
Thinking of buying a new home? It’s an exciting and fearful time. While it’s nerve-wracking to purchase a new home, having your ducks in a row will make the process that much easier. Here are some tips on how to get the ball rolling and get pre-qualified for buying a house. Pre-Qualified vs Pre-Approved While […]
Buying a home can secure your family’s future
Just about everyone who rents dreams of owning their own home. The freedom of homeownership is appealing. The idea of paying off the mortgage and not having rent anymore is also enticing to just about everyone. Beyond the satisfaction of owning a home, there are powerful reasons to consider taking this major life step. Homeownership […]
What makes up a Mortgage Payment?
Your mortgage payment might seem to be straightforward, but many people mistakenly think that their loan amount will go down by the amount of the payment. In fact, it is a little more complicated than that. There are four components to a mortgage payment, and understanding how much of your payment goes to each can […]
What is the difference between an Appraisal and a Home Inspection?
If you are considering purchasing a home, you may find that it can be a bit overwhelming. There are many real estate, mortgage, and technical terms that may be confusing. One area that can be difficult to understand is the difference between an appraisal and an inspection. Getting a better understanding of the functions of […]
Are you buying the right home? How to know when you are
Purchasing a home is a big decision for any person or family. In addition to the financial commitment, you are also committing to a house that will be your home for several years, maybe even a lifetime. How do you know that it’s the right house? The size, design, quality, and location of your home […]
Escalation Clause
You have finally found the house that you spent months looking for, only to realize that you may not get it. Right now, we are in a seller’s market. Homes are on the market for days, only to have multiple offers placed on them. Many people are putting in several contracts, only to come out […]
Lock in a interest rate, what does it mean?
Buying a house is a big deal. It is not a decision that you should jump into lightly. That being said, when you decide that you are ready to buy a home, it is important that you have a real estate professional by your side. He or she will be able to help you find […]
