Here Is The Truth About FICO And Cash You’ll Need To Buy A House

Fannie Mae’s “What do consumers know about the Mortgage Qualification Criteria?” Study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Myth #1: “I Need a 20% Down Payment” Fannie Mae’s survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the […]

WARNING: What Happens When You Wait A Year To Buy A House

The cost of waiting a year to buy a house.   Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% by 2019. CoreLogic […]

7 Important Considerations For Choosing Your Home In Retirement

As more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ability to adapt to your needs […]

Homeowners Association – 5 Hidden Benefits You Need To Know

Living in a neighborhood or housing development with a homeowners association can provide amazing benefits.  It is the dream of most people to one day own a place they can call their own. On top of it all, a place where neighbors respect each other’s values and interests.  Having access to facilities like pools, tennis […]

What Are Closing Costs On A House?

What Are Closing Costs On A House? First time home buyers have many essential considerations, and one of their most frequent questions is, What are closing costs on a house? The closing occurs when an intermediary conveys the title of the purchased home or another piece of real estate.  The parties involved can expect that […]

Why Is There So Much Paperwork to Sign For a Mortgage?

Why is there so much paperwork mandated by the bank for a mortgage loan application when buying a home today? It seems that the bank needs to know everything about us and requires three separate sources to validate every entry on the application form. Friends and family tell many buyers that the process was a hundred times easier […]