The financial benefits of homeownership are well documented, but the value of owning a home extends far beyond monetary considerations. While private mortgage insurance (PMI) and large down payments may be a concern for some buyers, the rewards of h
Aug 31, 2023 | Purchasing a Home
One of the things lenders look for in a good mortgage application is a minimum of two-years of solid work employment history. They want to have confidence that the borrower has a steady, reliable source of income to pay for the loan. Does this mean you ca
Aug 22, 2023 | Purchasing a Home
As you finalize your mortgage loan, your lender will give you a document called the closing disclosure. It contains lots of important information about your loan that you need to review and sign off on before you start your new mortgage. Although the page
Aug 10, 2023 | Purchasing a Home
Once you reach the closing day for your new mortgage, you may be wondering what to do next. There are several important steps to take as well as several privileges you can now enjoy again once your loan has closed. 1. Verify Your Loan Has Funded Don&rsquo
Aug 03, 2023 | Purchasing a Home
You have probably heard people talk about second homes and investment properties. Or maybe vacation homes and rental properties. They can sometimes be used interchangeably but they actually have very different definitions, especially when it comes to mort
Aug 01, 2023 | Purchasing a Home
When trying to qualify for a mortgage, many homebuyers will apply with a co-borrower or co-signer to make their application stronger. Another person’s income, assets, or credit can sometimes be the boost needed to get approved. However, the terms co
Jul 27, 2023 | Purchasing a Home