Mortgage rates are on the move. When is the best time to "lock" your mortgage rate? And for how long should your lock be effective? If you're buying or building a home, you'll have to answer both of these questions.
Unfortunately, there's not a... (Read More)
Ready to buy your first home? Your first step is to visit a mortgage lender to see how much house you can afford. But be prepared for the paperwork that comes with it. Here are the documents you'll be asked to provide as part of the loan application... (Read More)
The appraisal is an important part of the home buying process. But what happens if the appraisal comes up short of the agreed-upon selling price?
Here's an example: A home is listed for sale for $350,000. It's a multiple bidding situation, so you... (Read More)
Ever hear the terms REO, bank-owned, short sale or HUD home? And have you even wondered what the heck all those terms mean? Here are some definitions used to describe common types of distressed properties:
Foreclosure: This refers to the process... (Read More)
The fall season is the perfect time to consider refinancing. If you're unsure about why you should consider it, we're going to help you.
The following are some of the most popular reasons people decide to refinance in the fall.
The Holidays Are... (Read More)
Homeowner and renter insurance plans are designed to protect you in the event of a disaster such as a fire. But with all the items in an average household, it's imperative that you document your belongings so that you can file an accurate and timely... (Read More)
No one likes to read mounds of paperwork when buying a home. But there's one form you definitely don't want to gloss over. The closing disclosure form is one of the most important documents you'll review when buying a home. It explains the terms and... (Read More)
Did you know that FSBOs —homes that are For Sale by Owner — account for only about 8 percent of home sales? Or that many properties that start out as FSBOs end up being listed with and sold by a Realtor? Here's why so many people sell their... (Read More)
Part of the moving process is changing your address so that all of your bank statements, bills, magazines and other mail goes to your new home. The quickest and easiest way to do that is to hop online and go to the U.S. Postal Service website... (Read More)
When purchasing a home, your mortgage pre-approval is based on your current financial situation. That's why once you are pre-approved, you should avoid making big changes to your finances. Here are several things you'll want to avoid doing while... (Read More)