October 18, 2016

How Your Student Loans Affect Getting a Mortgage When Buying a Home

The decision to balance student loan debt with homeownership is an audacious one, and quite satisfying if it’s well-executed. Find out how your degree type and student loan repayment program influence your ability to secure different types of home loans – and learn what you need to do to demonstrate your capability as a borrower. Purchasing your first home is a huge investment, and an even greater accomplishment. To ensure your success, it’s imperative to have your finances in order. In particular, there may be much speculation and concern surrounding the impact of student loan debt on home-buying achievement. Perhaps […]
August 5, 2016
Steps to buying a home

5 Steps to Buying a Home: Home Buying Process Explained

While buying a home can be a daunting process, there is plenty of help to assist you along the way. There are a lot of moving parts in today’s real estate market so most homebuyers hire knowledgeable professionals – agents, lenders and appraisers – to assist them in this exciting yet challenging endeavor. While professional assistance is key, personally understanding the purchasing process is just as important. Americans will move nearly a dozen times in their lifetime and equipping yourself with the following information is essential to your success as you search for your next home: 1. Prepare Yourself for Ownership […]
April 25, 2013
Getting a Mortgage

6 Key Considerations When Applying for a Mortgage

For most would-be homebuyers, making a run at homeownership is going to mean getting approved for a home loan. It’s a process that, at best, can be stressful and confusing. Borrowers can be better prepared by taking steps to study their options and learn what to expect from a lender. “It’s surprising to me that people tend to spend more time in pre-purchase research for a car than they do for a home mortgage,” says Chris George, president of home mortgage lender CMG Financial. Keeping up to date on changes in the mortgage market is necessary, because the government, which essentially […]
April 8, 2013

Homeowners: Find Out How to Reduce Mortgage Payment

Mortgage insurance is great for helping you purchase a home when having less than 20% to put down, and once you achieve a pre-determined equity level, your lender must cancel coverage – reducing your total monthly mortgage payment! Under the Federal Homeowners Protection Act, coverage must be cancelled once your balance is scheduled to drop to 78% of the original value of your property. Under the provision, the cancellation occurs automatically – freeing up money that is sure to come in handy every month. Have more questions? Need help buying or selling your home? Talk to us: we can help! […]